1988 (3) TMI 38

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....l was directed to state a case and make reference under section 27(3) of the Wealth-tax Act, 1957 (for short, "the Act "), on the following question of law framed by this court : "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the Inspecting Assistant Commissioner had no jurisdiction to impose penalty under section 18(1)(c) in view of the ....

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....h of March, 1977, i.e., after April 1, 1976, were bad in law. The Tribunal, relying on the decision of this court in CIT v. Dhadi Sahu [1976] 105 ITR 56, accepted this contention of the assessee an cancelled the penalties. But the Revenue succeeded in getting the statement of case called for on the question of law indicated above. On behalf of the assessee, reliance was again placed on Dhadi....