https://www.taxtmi.com/caselaws?id=29232 The High Court considered penalties imposed under section 18(1)(a) of the Wealth Tax Act for delayed filing of returns totaling Rs. 12,67,175. The applicant sought waiver under section 18B, but the Commissioner denied it due to lack of full disclosure. The Court directed the assessee to file returns for specified years and pay wealth tax within a timeframe. Compliance would lead to reconsideration of penalty waiver, while non-compliance would result in dismissal of the writ petition with costs, each party bearing their own costs. en-us Wed, 23 Aug 1978 00:00:00 +0530 Thu, 11 Mar 2010 15:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29232 The High Court considered penalties imposed under section 18(1)(a) of the Wealth Tax Act for delayed filing of returns totaling Rs. 12,67,175. The applicant sought waiver under section 18B, but the Commissioner denied it due to lack of full disclosure. The Court directed the assessee to file returns for specified years and pay wealth tax within a timeframe. Compliance would lead to reconsideration of penalty waiver, while non-compliance would result in dismissal of the writ petition with costs, each party bearing their own costs. Case-Laws Wealth-tax Wed, 23 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29232