https://www.taxtmi.com/caselaws?id=65189 The Tribunal found in favor of the assessee, an illiterate lady, who had a bona fide belief that her wealth was below the taxable limit and that the Wealth-tax Department would notify her if returns were necessary. After being informed by her advocate in December 1973, she promptly filed the returns voluntarily. The Tribunal held that the lower authorities had not properly considered her explanation and vacated the penalties imposed by the Wealth-tax Officer for the assessment years 1970-71 to 1974-75, allowing the appeals. en-us Mon, 28 Mar 1988 00:00:00 +0530 Mon, 14 Feb 2011 11:23:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65189 The Tribunal found in favor of the assessee, an illiterate lady, who had a bona fide belief that her wealth was below the taxable limit and that the Wealth-tax Department would notify her if returns were necessary. After being informed by her advocate in December 1973, she promptly filed the returns voluntarily. The Tribunal held that the lower authorities had not properly considered her explanation and vacated the penalties imposed by the Wealth-tax Officer for the assessment years 1970-71 to 1974-75, allowing the appeals. Case-Laws Wealth-tax Mon, 28 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65189