Supreme Court of India
Commissioner of Wealth Tax, Amritsar v. Suresh Seth
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
2 Supreme Court benches have cited this judgment.
What the Court ordered
We hold that where the default complained of is one falling under section 18(1 )(a) of the Act, the penalty has to be computed in accordance with the law in force on the last day on which the return in question had to be filed.
Judgment, page 16
From the headnote
Wealth Tax Act, 1957-Scope of section 18(1) (a) of the Act-Whether the offenre relating to the omission to file the Wealth Tax Returns was a continuing offence--Penalty has to be computed in accordance with the law in force on the last day on which the return in question has to be filed-The 1964 and 1969 Amend ments to the Wealth Tax Act has no retrospective effect. The assessee-respondent filed his Wealth Tax returns for the assessment years 1964-65 and 1965-66 on March 18, 1971, while he was required by section 14(1) of the Act to file the return for the assessment year 1964-65 on or
Where later benches applied it
- 2022 Vijay Madanlal Choudhary & Ors. v. Union of India & Ors.
- 2022 Samruddhi Co-operative Housing Society Ltd. v. Mumbai Mahalaxmi Construction Pvt. Ltd.
Of those, 2 referred to
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