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2004 (8) TMI 53 - ALLAHABAD HIGH COURTWhether on a correct and true interpretation of section 15 of the Voluntary Disclosure of Income and Wealth Act, 1976, the Appellate Tribunal was justified in law in holding that immunity was available against penalty with reference to the wealth disclosed in whomsoever's hands it came up for consideration?" - Whether Tribunal was justified in law in cancelling the penalties imposed by the Wealth-tax Officer under section 18(1)(a)?" - We answer both the questions referred to us in the negative, that is, in favour of the Revenue and against the assessee.
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