https://www.taxtmi.com/caselaws?id=27189 The High Court held in favor of the assessee regarding the calculation of penalty and retrospective application of amended provisions under the Wealth-tax Act, 1957. As a result, these issues were resolved in favor of the assessee. The court directed the Tribunal to take necessary actions based on this decision, while leaving the first question unanswered as the penalty amount was deemed insignificant. No costs were awarded in this matter. en-us Tue, 29 Jan 1985 00:00:00 +0530 Thu, 11 Feb 2010 13:07:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27189 The High Court held in favor of the assessee regarding the calculation of penalty and retrospective application of amended provisions under the Wealth-tax Act, 1957. As a result, these issues were resolved in favor of the assessee. The court directed the Tribunal to take necessary actions based on this decision, while leaving the first question unanswered as the penalty amount was deemed insignificant. No costs were awarded in this matter. Case-Laws Wealth-tax Tue, 29 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27189