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of <h1>High Court quashes penalty for late tax return filing, orders rehearing</h1> The Rajasthan High Court set aside a penalty imposed by the Wealth-tax Officer for late filing of returns, deeming it incorrectly calculated and the order ... Penalty, Wealth Tax The High Court of Rajasthan set aside a penalty imposed by the Wealth-tax Officer for late filing of returns, stating that the penalty was incorrectly calculated and the order was not a speaking order. The case was remitted for rehearing and decision in accordance with the law. No costs were awarded. (Case citation: 1984 (1) TMI 1 - Rajasthan High Court)
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