https://www.taxtmi.com/caselaws?id=27255 The High Court held that the procedural requirements of the amended section 18(1)(a) of the Wealth-tax Act apply retrospectively. The necessity of obtaining the IAC's approval for imposing penalties was not required after the amendment. The Tribunal must refer the issue of reasonable cause for the delays in filing returns to the President of the Tribunal for a final decision. en-us Mon, 19 Dec 1983 00:00:00 +0530 Thu, 11 Feb 2010 17:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27255 The High Court held that the procedural requirements of the amended section 18(1)(a) of the Wealth-tax Act apply retrospectively. The necessity of obtaining the IAC's approval for imposing penalties was not required after the amendment. The Tribunal must refer the issue of reasonable cause for the delays in filing returns to the President of the Tribunal for a final decision. Case-Laws Wealth-tax Mon, 19 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27255