1990 (3) TMI 38

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....l Case No. 183 of 1989 (CWT v. Sureshchandra Agrawal) and Miscellaneous Civil Case No. 184 of 1989 (CWT v. Sureshchandra Agrawal). Both these applications are being decided together as the facts and questions of law raised before us are identical. The Commissioner of Wealth-tax, Bhopal, has filed both the applications under section 27(3) of the Wealth-tax Act, 1957, seeking a direction to the Inc....

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....the default under section 18(1)(a) is a continuing default and for the period of default till March 31, 1976, the penalty was imposable at 1/2 per cent of the net wealth ? " The facts leading to these applications are that the assessee, Suresh chandra Agrawal, is an individual. He filed his wealth-tax returns on March 18, 1983, which were respectively due on June 30, 1973, June 30, 1974, and June....

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....mber 7, 1987. Being aggrieved by the order of the Tribunal the Department filed an application under section 27(1) of the Wealth-tax Act seeking reference to this court on the questions of law enumerated above. The application of the Department was dismissed by the Income-tax Appellate Tribunal, vide its order dated March 1, 1989. Hence these applications seeking a direction to the Tribunal for ma....