https://www.taxtmi.com/caselaws?id=55635 The Tribunal upheld the decision to cancel penalties imposed under section 18(1)(a) of the Wealth-tax Act, finding them time-barred and improperly re-initiated by the tax authorities. The penalties were deemed unsustainable due to the failure to consider the assessee's response to show cause notices. As a result, all department appeals were dismissed. en-us Fri, 07 Jul 1989 00:00:00 +0530 Mon, 29 Nov 2010 11:21:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55635 The Tribunal upheld the decision to cancel penalties imposed under section 18(1)(a) of the Wealth-tax Act, finding them time-barred and improperly re-initiated by the tax authorities. The penalties were deemed unsustainable due to the failure to consider the assessee's response to show cause notices. As a result, all department appeals were dismissed. Case-Laws Wealth-tax Fri, 07 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55635