https://www.taxtmi.com/caselaws?id=65715 The Appellate Tribunal upheld the cancellation of penalty orders by the Appellate Assistant Commissioner under section 18(1)(a) of the Wealth Tax Act. The Tribunal found that the penalties imposed for non-filing of returns were not justified as there were reasonable causes for the assessee's non-compliance, including the potential net wealth falling below the taxable limit. Consequently, the Tribunal dismissed the Department's appeals, ruling in favor of the assessee for all three years. en-us Sat, 04 Nov 1978 00:00:00 +0530 Fri, 18 Feb 2011 14:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65715 The Appellate Tribunal upheld the cancellation of penalty orders by the Appellate Assistant Commissioner under section 18(1)(a) of the Wealth Tax Act. The Tribunal found that the penalties imposed for non-filing of returns were not justified as there were reasonable causes for the assessee's non-compliance, including the potential net wealth falling below the taxable limit. Consequently, the Tribunal dismissed the Department's appeals, ruling in favor of the assessee for all three years. Case-Laws Wealth-tax Sat, 04 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65715