Substitution of new sections for sections 18 and 18A (Omitted)

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....04-1989 before it was read as,    "142. Substitution of new sections for sections 18 and 18A. For sections 18 and 18A of the Wealth-tax Act, the following sections shall be substituted, namely :- '18. Penalty for failure to comply with notices. (1) If the Assessing Officer, in the course of any proceedings under this Act, is satisfied that ....

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....ith the prior approval of the Deputy Commissioner. (2) No order shall be made under sub-section (1) unless the person concerned has been heard, or has been given a reasonable opportunity of being heard. (3) No order imposing a penalty under sub-section (1) shall be passed after the expiry of the financial year in which the proceedings, in the course of which action for the imposi....

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....any person, - (a) being legally bound to state the truth of any matter touching the subject of his assessment, refuses to answer any question put to him by a wealth-tax authority in the exercise of his powers under this Act; or (b) refuses to sign any statement made by him in the course of any proceedings under this Act, which a wealth-tax authority may legally require him to sig....

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....which shall not be less than one hundred rupees but which may extend to two hundred rupees for every day during which the failure continues: Provided that no penalty shall be imposable under this sub-section if the person proves that there was reasonable cause for the said failure. (3) Any penalty imposable under sub-section (1) or sub-section (2) shall be imposed- (a) i....