1988 (9) TMI 47 - HC - Wealth-tax

Summary

The petitioner challenged the Wealth-tax Commissioner's order rejecting waiver under section 18B(1)(i) of the Wealth-tax Act, 1957 for late filing of returns. The court found the petitioner had met the requirements of section 18B(1)(a) and granted the waiver, quashing the Commissioner's order and penalties imposed for the assessment years 1964-65 to 1968-69. No costs were awarded.