https://www.taxtmi.com/caselaws?id=65682 Delay in filing a wealth-tax return under section 18(1)(a) was treated as covered by reasonable cause where the assessee cited non-availability of return forms, the time needed to obtain a valuer's report, and related filing difficulties. The explanations were said to have been placed before the authorities but not properly considered, and the Revenue did not disprove them. On that basis, the causes were found to have a direct nexus with the delay, so the penalty provisions were not attracted and the penalty was cancelled. en-us Thu, 02 Jun 1977 00:00:00 +0530 Fri, 18 Feb 2011 13:06:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65682 Delay in filing a wealth-tax return under section 18(1)(a) was treated as covered by reasonable cause where the assessee cited non-availability of return forms, the time needed to obtain a valuer's report, and related filing difficulties. The explanations were said to have been placed before the authorities but not properly considered, and the Revenue did not disprove them. On that basis, the causes were found to have a direct nexus with the delay, so the penalty provisions were not attracted and the penalty was cancelled. Case-Laws Wealth-tax Thu, 02 Jun 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65682