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of <h1>High Court: Delayed Wealth Tax Return Penalty Not Cancelled; Reasonable Cause a Factual Matter</h1> The High Court of Punjab and Haryana returned the reference unanswered regarding the cancellation of a penalty for delayed filing of a wealth-tax return, ... Penalty, Wealth Tax The High Court of Punjab and Haryana returned the reference unanswered regarding the cancellation of a penalty for delayed filing of a wealth-tax return, stating that the question of reasonable cause for the delay is a factual matter and not a question of law. The court cited previous judgments to support this position. The reference was returned as unanswered.
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