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2002 (2) TMI 15 - HC - Income TaxPetition is directed against the order passed by the Commissioner of Income-tax, Central-II, Mumbai, u/s 273A r.w.s. 18B of the Wealth-tax Act, 1957 as being arbitrary, perverse and self-contradictory – perusal of the order passed on the application under section 18B of the Wealth-tax Act would show that for some of the years, penalty has been sustained for 18 per cent and for other years penalty has not been waived. No reasons are to be found in the order as to why penalty for some years was sustained totally and for some years was reduced to 18 per cent, while exercising power, under the Act Giving reasons is an essential element of administration of justice - Held that impugned order passed on the application under section 18B of the Wealth-tax Act was not sustainable
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