USHA AGARWAL Vs. COMMISSIONER OF WEALTH-TAX

JUDGEMENT

(1.) The Income-tax Appellate Tribunal, Delhi Bench-A, has referred the following questions at the instance of the assessee, for the opinion of this court:

(2.) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in sustaining the penalty under Section 18(1)(a) more than half of the tax levied ?

(3.) The WTO initiated penalty proceedings under Section 18(1)(a) of the W.T. Act and, after hearing the assessee, imposed penalties in the sums of Rs. 4,896 and Rs. 5,663 for these two years, respectively.