banner_ad

Wealth-Tax Act, 1957

Section - 18B - Power to reduce or waive penalty in certain cases

64[Power to reduce or waive penalty in certain cases.

18B. (1) Notwithstanding anything contained in this Act, the 65[66[***] Commissioner] may, in his discretion, whether on his own motion or otherwise,-

(i)-67[***]
(ii)- reduce or waive the amount of penalty imposed or imposable on a person under clause (iii) of sub-section (1) of section 18,
if he is satisfied that such person,-

(a)-68[***]
(b)- in the case referred to in clause (ii), has, prior to the detection by the 69[Assessing Officer], of the concealment of particulars of assets or of the inaccuracy of particulars furnished in respe .... To read the full section download the app from Google Play store
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details