https://www.taxtmi.com/caselaws?id=59982 The appellate tribunal upheld the AAC's decision to cancel penalties imposed by the WTO under section 18(1)(a) of the Wealth Tax Act, 1957. The tribunal found that the assessee was not given a reasonable opportunity to be heard before the penalties were imposed, emphasizing the importance of procedural fairness and adherence to natural justice principles. The judgment highlights the necessity of providing adequate time and opportunity for the assessee to respond in penalty proceedings, ultimately leading to the cancellation of the substantial penalties exceeding the assessed wealth of the appellant. en-us Thu, 24 Mar 1983 00:00:00 +0530 Mon, 03 Jan 2011 11:38:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59982 The appellate tribunal upheld the AAC's decision to cancel penalties imposed by the WTO under section 18(1)(a) of the Wealth Tax Act, 1957. The tribunal found that the assessee was not given a reasonable opportunity to be heard before the penalties were imposed, emphasizing the importance of procedural fairness and adherence to natural justice principles. The judgment highlights the necessity of providing adequate time and opportunity for the assessee to respond in penalty proceedings, ultimately leading to the cancellation of the substantial penalties exceeding the assessed wealth of the appellant. Case-Laws Wealth-tax Thu, 24 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59982