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<h1>High Court Quashes Commissioner's Order Penalizing Late Tax Filing</h1> The High Court quashed the Commissioner's order penalizing the petitioner for late filing of wealth tax returns and directed a re-examination in ... Penalty, Reduction Or Waiver, Wealth Tax The petitioner, an assessee under the Wealth Tax Act, filed returns late and was penalized. The Commissioner rejected her application for penalty waiver without proper consideration. The High Court quashed the Commissioner's order and directed a re-examination in accordance with the law. The parties were directed to bear their own costs. (1983 (4) TMI 21 - KARNATAKA High Court)
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