1988 (6) TMI 9

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....s reference under section 27(1) of the Wealth-tax Act, 1957. The following are the two questions referred : "(1) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that although the show-cause notices under section 18(2) of the Wealth-tax Act, 1957, were issued for noncompliance with the provisions of the notices under section 14(2) of the Wealth-tax....

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....sment years 1966-67, 1967-68 and 1968-69. Returns for the three years were submitted by the assessee on May 18, 1970, beyond the due dates. The Wealth-tax Officer imposed penalties of Rs. 14,505, Rs. 15,082, and Rs. 14,840, respectively. The Appellate Assistant Commissioner of WeAlth-tax, Jorhat Range, on appeal, confirmed the decision and directed that the amount of penalties be modified. The App....