| Case ID |
0b8fdc5b-064b-46d4-920f-780bf4a348ab |
| Body |
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| Case Number |
D.B. W.T. REFERENCE No. 14 OF 1977 |
| Decision Date |
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| Hearing Date |
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| Decision |
The court held that the penalty under section 18(1)(a) of the Wealth-Tax Act, 1957 should be imposed according to the law in force at the time the default was committed. This decision was based on the precedent set by the Supreme Court in CWT v. Suresh Seth, where it was emphasized that penalties relate to the law applicable at the time of the act or omission in question. Hence, the Tribunal's conclusion that the law prevailing at the completion of the assessment order should apply was upheld. |
| Summary |
In this significant ruling by the Rajasthan High Court regarding the Wealth-Tax Act, 1957, the court addressed the crucial issue of penalty imposition under section 18(1)(a) for late filing of tax returns. The case revolved around whether the law applicable at the time of the default or the time of the assessment order should dictate the penalty. The court reiterated the importance of adhering to the law in force at the time of the default, aligning its decision with the Supreme Court's precedent in CWT v. Suresh Seth. This case serves as a vital reference for tax practitioners and advocates focusing on compliance and penalties under tax laws. Understanding the implications of this judgment is essential for ensuring adherence to tax obligations and avoiding penalties. The ruling emphasizes the need for timely filings and the legal standards governing tax compliance, making it a pivotal point of reference for future cases in tax law. |
| Court |
Rajasthan High Court
|
| Entities Involved |
Not available
|
| Judges |
P.D. Kudal,
M.L. Shrimal
|
| Lawyers |
R.L. Kalia,
V.S. Dave
|
| Petitioners |
Thakur Mandhatta Singh
|
| Respondents |
Commissioner of Wealth Tax
|
| Citations |
1982 SLD 1178,
(1982) 137 ITR 52
|
| Other Citations |
CWT v. Suresh Seth [1981] 129 ITR 328 (SC)
|
| Laws Involved |
Wealth-Tax Act, 1957
|
| Sections |
18(1)(a)
|