https://www.taxtmi.com/caselaws?id=65057 Section 18(1)(a) of the Wealth-tax Act fastens penalty only when a person, reasonable cause, fails to furnish a return required under sections 14(1), 14(2) or 17. The discussion notes that a minor was under no enforceable statutory duty to sign or verify a wealth-tax return, and section 15A did not specify how a return on behalf of a minor was to be signed or filed. On that reasoning, a belated return filed by the guardian could not be treated as a default attributable to the minor assessee, and the penalty was treated as not exigible. en-us Mon, 28 Apr 1986 00:00:00 +0530 Sat, 12 Feb 2011 10:48:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65057 Section 18(1)(a) of the Wealth-tax Act fastens penalty only when a person, reasonable cause, fails to furnish a return required under sections 14(1), 14(2) or 17. The discussion notes that a minor was under no enforceable statutory duty to sign or verify a wealth-tax return, and section 15A did not specify how a return on behalf of a minor was to be signed or filed. On that reasoning, a belated return filed by the guardian could not be treated as a default attributable to the minor assessee, and the penalty was treated as not exigible. Case-Laws Wealth-tax Mon, 28 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65057