1975 (7) TMI 78

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....Wealth tax deleting the penalty of Rs. 1,830 imposed by the WTO in relation to the asst. yr. 1964-65. 2. The assessee is a HUF. For the said assessment year return of net wealth due to be furnished under s. 14(1), WT Act, had to be furnished by 30th June, 1964. It was actually furnished on 30th June, 1969. The WTO initiated penalty proceedings against the assessee for delayed furnishing of the ....

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...., the notices in question could not be held to be bad if the signatory thereto had described himself as ITO. In other words, it was urged that the said notices could be said to be bad only if the ITO signing those notices had not been authorised to perform the functions of WTO under the WT Act. The fact that the ITO signing the notices in question had been authorised to perform the functions of WT....