1986 (1) TMI 78 - HC - Wealth-tax

Summary

The High Court of Delhi disposed of Wealth-tax Cases 59, 60, and 61 of 1982. The cases involved penalties for late filing of wealth-tax returns for the years 1963-64, 1964-65, and 1965-66. The Tribunal's decision on the applicable law for levying penalties was challenged by the Commissioner. The High Court directed the Tribunal to refer two questions of law to the court based on recent Supreme Court decisions.