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,-
if he is satisfied that such person,-
| (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, |
| (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
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