https://www.taxtmi.com/caselaws?id=26713 The High Court held that the penalty under section 18(1)(a) of the Wealth-tax Act should be calculated based on the law prevailing on the due date of filing the return of wealth, not on subsequent amendments. The court ruled in favor of the assessee, directing that the penalty be determined according to the provisions in force on the due date of June 30, 1966, rather than the amended provisions effective from April 1, 1969. Each party was instructed to bear its own costs. en-us Mon, 05 Aug 1985 00:00:00 +0530 Mon, 08 Feb 2010 10:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26713 The High Court held that the penalty under section 18(1)(a) of the Wealth-tax Act should be calculated based on the law prevailing on the due date of filing the return of wealth, not on subsequent amendments. The court ruled in favor of the assessee, directing that the penalty be determined according to the provisions in force on the due date of June 30, 1966, rather than the amended provisions effective from April 1, 1969. Each party was instructed to bear its own costs. Case-Laws Wealth-tax Mon, 05 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26713