Good mutatis-mutandis to orders of penalties levied u/s.18(1)(c) of the Wealth-tax Act 1957. - Income Tax - 1170/CBDT

INSTRUCTION NO. 1170/CBDT Dated : May 5, 1978 Section(s) Referred: 18(1)(c) Statute: Wealth Tax Act, 1957 Reference is invited to Boards Instructions No.325 dated 22-9-71 (F.NO.267/706/71-IT(J) wherein it has been instructed inter-alia that in all cases where the explanation to sec.271(1)(c) attracted the authorities concerned should expressely make a mention of this provision in the penalty orders because in the absence of the same the department is not able to successfully agitate the matter before the higher appellate forums. 2. It is hereby clarified and reiterated that the above Instruction holds good mutatis-mutandis to orders of penalties levied u/s.18(1)(c) of the Wealth-tax Act 1957 where the provisions of the explanation to the said section are attracted.