https://www.taxtmi.com/caselaws?id=64170 The Appellate Tribunal ITAT DELHI-C upheld the cancellation of penalties under section 18(1)(a) for late filing of wealth tax returns for individuals Swatamber Dass and Digvijay Kumar. The Tribunal found that the taxpayers had reasonable cause for the delay in filing, leading to the penalties being revoked for the relevant assessment years. The case emphasizes the need to establish reasonable cause for late filings and the burden of proof in penalty imposition cases, highlighting the impact of factual circumstances and legal precedents on penalty disputes related to tax assessments. en-us Sat, 14 Dec 1985 00:00:00 +0530 Sat, 05 Feb 2011 12:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64170 The Appellate Tribunal ITAT DELHI-C upheld the cancellation of penalties under section 18(1)(a) for late filing of wealth tax returns for individuals Swatamber Dass and Digvijay Kumar. The Tribunal found that the taxpayers had reasonable cause for the delay in filing, leading to the penalties being revoked for the relevant assessment years. The case emphasizes the need to establish reasonable cause for late filings and the burden of proof in penalty imposition cases, highlighting the impact of factual circumstances and legal precedents on penalty disputes related to tax assessments. Case-Laws Wealth-tax Sat, 14 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64170