1983 (7) TMI 104

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....he case are as under: The assessee has filed her returns of wealth-tax for the asst. yrs. 1973-74 & 1974-75 on 4th November, 1974 and for the asst. yrs. 1975-76 on 13th December, 1975 showing the wealth at Rs. 1,13,420, Rs. 1,54, 430 and Rs. 1,56,508 respectively. These returns were subsequently revised showing the wealth at Rs. 1,32,785, Rs. 1,70,103 and Rs. 1,76,828 on 13th October, 1978 for the years under appeal. Respectively. In the original returns filed by the assessee, the as had not shown the value of the plot at Rs. 18,945 and the same was shown in the revised returns. The WTO, therefore, concluded that the as had deliberately tried to conceal the particulars of this plot and when confronted with this fact the assessee field re....

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....submitted before the WTO. At the time of submissions of this purchase deed it came to the knowledge of the assessee that part of the land belonged to the assessee. The share of the assessee in the cost of the plot was Rs. 18,945 which was subsequently shown by her in all the wealth-tax returns which were revised. The total value of the plot, namely Rs. 28,410 was shown in the wealth-tax returns of her husband Shir A.K. Dawar right form the asst. yrs. 1971-72 to 1977-78. After this year the position was corrected and the value of his share was only shown. This clearly showed that here was no concealment on the part of the assessee. He further contended that in order that the penalty u/s 18(1)(c) may be imposed it has to be proved by the reve....