https://www.taxtmi.com/caselaws?id=67012 The appellate tribunal ruled in favor of the assessee, canceling the penalty imposed for the delay in filing the wealth tax return for the assessment year 1973-74. The tribunal found that there was a reasonable cause for the delay as the return was filed in compliance with the notice issued by the tax authorities. The penalty orders sustained by the AAC were canceled, and the appeal by the assessee was allowed in full. en-us Fri, 18 Dec 1981 00:00:00 +0530 Tue, 08 Mar 2011 17:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67012 The appellate tribunal ruled in favor of the assessee, canceling the penalty imposed for the delay in filing the wealth tax return for the assessment year 1973-74. The tribunal found that there was a reasonable cause for the delay as the return was filed in compliance with the notice issued by the tax authorities. The penalty orders sustained by the AAC were canceled, and the appeal by the assessee was allowed in full. Case-Laws Wealth-tax Fri, 18 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67012