https://www.taxtmi.com/caselaws?id=58214 The Tribunal ruled in favor of the assessee, setting aside the penalties imposed by the WTO under section 18(1)(c) for the assessment years 1979-80 to 1981-82. The Tribunal held that the penalties were not justified as there was no concealment or submission of inaccurate particulars, emphasizing that all wealth details were disclosed by the assessee. Consequently, the appeals of the assessee were allowed, and the penalties were deleted. en-us Fri, 02 Feb 1990 00:00:00 +0530 Fri, 17 Dec 2010 18:25:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58214 The Tribunal ruled in favor of the assessee, setting aside the penalties imposed by the WTO under section 18(1)(c) for the assessment years 1979-80 to 1981-82. The Tribunal held that the penalties were not justified as there was no concealment or submission of inaccurate particulars, emphasizing that all wealth details were disclosed by the assessee. Consequently, the appeals of the assessee were allowed, and the penalties were deleted. Case-Laws Wealth-tax Fri, 02 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58214