1998 (5) TMI 8

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....t under section 18(1)(a) of the Wealth-tax Act which was not waived and/or reduced under section 18B of the Wealth-tax Act by the Commissioner. The assessment years involved are 1972-73 up to 1975-76. For the assessment year 1971-72, this court has declined leave. Hence, we are not concerned with the assessment year 1971-72. Penalty has been imposed under section 18(1)(a) on account of the appe....

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.... the assessee had obtained several adjournments on various grounds, some of which "related to obtaining a valuation report". Looking to the series of adjournments, the Commissioner felt that the assessee had failed to co-operate with the Department. In view of the facts and circumstances of the present case, and the conduct of the assessee as set out in the Commissioner's order, the Commissioner w....