https://www.taxtmi.com/caselaws?id=64900 The ITAT upheld the penalty under section 18(1)(a) of the Wealth-tax Act for delayed filing of the wealth-tax return. It found a reasonable cause for the delay only until 11-1-1978, based on the filing of a revised income-tax return. The penalty was deemed applicable for the period after 11-1-1978 up to 3-3-1979 when the return was eventually filed. The ITAT dismissed appeals from both the assessee and the department, emphasizing the necessity of establishing reasonable cause for filing delays to determine penalties correctly. en-us Thu, 21 Jun 1984 00:00:00 +0530 Fri, 11 Feb 2011 10:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64900 The ITAT upheld the penalty under section 18(1)(a) of the Wealth-tax Act for delayed filing of the wealth-tax return. It found a reasonable cause for the delay only until 11-1-1978, based on the filing of a revised income-tax return. The penalty was deemed applicable for the period after 11-1-1978 up to 3-3-1979 when the return was eventually filed. The ITAT dismissed appeals from both the assessee and the department, emphasizing the necessity of establishing reasonable cause for filing delays to determine penalties correctly. Case-Laws Wealth-tax Thu, 21 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64900