1981 (3) TMI 33 - HC - Wealth-tax

Summary

The High Court of Madhya Pradesh addressed jurisdictional issues regarding the imposition of penalties under the Wealth-tax Act. The Income-tax Appellate Tribunal referred questions on penalty imposition after an amendment to section 18(3) of the Act. The Tribunal directed to provide a supplementary statement on the date of referral by the WTO to the IAC for penalty imposition. Further hearings are pending based on this information. (Case citation: 1981 (3) TMI 33 - MADHYA PRADESH High Court)