https://www.taxtmi.com/caselaws?id=29371 The High Court remanded a case involving penalty under section 18(1)(a) of the Wealth Tax Act, 1957 back to the Tribunal. The Tribunal's decision to uphold the penalty for failure to furnish returns was questioned as it did not consider the taxable nature of the assessee's wealth. The High Court directed the Tribunal to reevaluate the case, emphasizing proper examination of facts and relevant provisions. Both parties were allowed to present additional evidence, and the matter was disposed of without costs. en-us Sat, 11 Apr 1981 00:00:00 +0530 Fri, 12 Mar 2010 14:49:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29371 The High Court remanded a case involving penalty under section 18(1)(a) of the Wealth Tax Act, 1957 back to the Tribunal. The Tribunal's decision to uphold the penalty for failure to furnish returns was questioned as it did not consider the taxable nature of the assessee's wealth. The High Court directed the Tribunal to reevaluate the case, emphasizing proper examination of facts and relevant provisions. Both parties were allowed to present additional evidence, and the matter was disposed of without costs. Case-Laws Wealth-tax Sat, 11 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29371