https://www.taxtmi.com/caselaws?id=27320 The Wealth-tax Appellate Tribunal was upheld in holding that the penalty order did not violate principles of natural justice as the assessee was provided with sufficient opportunities to rebut the facts. Additionally, the order passed by the Inspecting Assistant Commissioner imposing the penalty was deemed not time-barred under s. 18(5) of the Wealth Tax Act due to the retrospective application of procedural amendments. The judgment favored the Department, ruling against the assessee, with no order as to costs. en-us Thu, 05 Jan 1984 00:00:00 +0530 Fri, 12 Feb 2010 11:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27320 The Wealth-tax Appellate Tribunal was upheld in holding that the penalty order did not violate principles of natural justice as the assessee was provided with sufficient opportunities to rebut the facts. Additionally, the order passed by the Inspecting Assistant Commissioner imposing the penalty was deemed not time-barred under s. 18(5) of the Wealth Tax Act due to the retrospective application of procedural amendments. The judgment favored the Department, ruling against the assessee, with no order as to costs. Case-Laws Wealth-tax Thu, 05 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27320