Penalty u/s 18(1)(a).

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....n(s) Referred: 18(1)(a) Statute: Wealth Tax Act, 1957 Attention is invited to Instruction No. 68 dated the 4th July, 1969 and Instruction No. 354 dated the 11th December, 1971 wherein the Board ....

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....arified that where, however the circumstances are such that no penalty need be levied u/s. 18(1)(a) and the W.T. Officer decides not to levy the penalty a note should be recorded by the W.T. Officer i....