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1974 (9) TMI 18 - KERALA HIGH COURT
Extract:
.......his, in our judgment in I.T.Rs. Nos. 85 and 86 of 1972 heard along with this. As the relevant sections in the Wealth-tax Act are similar, if not identical, to the Income-tax Act, we hold that mens rea is not an essential ingredient before imposition of penalty under section 18 of the Wealth-tax Act. We dismiss this writ petition, but without costs.