TMI BlogConcealment of wealth - assessee has not filed wealth tax return u/s.14 - penalty proceedings...Concealment of wealth - assessee has not filed wealth tax return u/s.14 - penalty proceedings u/s.18(1)(c) - The component of wealth based on the admission of return of wealth after the issuance of notice for reopening could not fall within mischief of explanation 3 of section 18(1)(c) of the Act. - No penalty - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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