https://www.taxtmi.com/caselaws?id=65813 The Tribunal dismissed the Departmental appeals, upholding the AAC's decision to remit the penalties. The key reasons were the lack of reasonable opportunity for the assessee to be heard and the incorrect application of penalty rates based on amendments that came into effect after the default dates. Additionally, the Tribunal recognized the extension of the deadline for filing returns granted by the WTO. en-us Tue, 13 Aug 1985 00:00:00 +0530 Fri, 18 Feb 2011 18:07:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65813 The Tribunal dismissed the Departmental appeals, upholding the AAC's decision to remit the penalties. The key reasons were the lack of reasonable opportunity for the assessee to be heard and the incorrect application of penalty rates based on amendments that came into effect after the default dates. Additionally, the Tribunal recognized the extension of the deadline for filing returns granted by the WTO. Case-Laws Wealth-tax Tue, 13 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65813