Wealth-Tax Act, 1957

Section - 18 - Penalty for failure to furnish returns, to comply with notices and concealment of assets, etc.

²⁶[Penalty for failure to furnish returns, to comply with notices and concealment of assets, etc.

²⁷18. (1) If the ²⁸[Assessing Officer], ²⁹[Deputy Commissioner (Appeals)], ³⁰[Commissioner (Appeals),] ³¹[Chief Commissioner or Commissioner] or Appellate Tribunal in the course of any proceedings under this Act is satisfied that any person-

(a)	-	³²[***]
(b)	-	has ³³[***] failed to comply with a notice under sub-section (2) or sub-section (4) of section 16 ; or
(c)	-	has concealed the particulars of any assets or furnished inaccurate particulars of any assets or debts,