1973 (6) TMI 10 - KERALA HIGH COURT

Net Wealth – penalty notice - Whether compensation payable for Agricultural land acquired under Kerala Land Reforms Act is includible in net wealth - Whether a penalty notice which does not indicate the particulars for contravention for which it is issued is valid – held that it is includible in the net wealth of the assessee – further, penalty notice in printed form in which the ground for which penalty was said to be levied was not mentioned by striking out the other grounds was invalid