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2015 (10) TMI 26

Head Note / Extract:
Levy of penalty u/s 18(1)(c) of the Wealth Tax Act 1957 - assessee had shown motor car in the depreciation schedule but did not file the wealth tax - Held that:- Assessee has filed returns prior to notices issued u/s. 17 of the Act. We noted that the return in each of the A.Ys has been filed by the assessee subsequent to due date and return filed by the assessee cannot even regarded to be belated return as per the provision of Wealth Tax Act. In view of these facts, we do not find any infirmity or illegal in the order of CIT(A) who confirmed the penalty in each of the case. It is not the case of the assessee that the assessee was not aware of about this provision of Wealth Tax Act as the assessee was not earlier been assessed to Wealth Tax Act and it was merely a technical venial. - Decided against assessee.


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