https://www.taxtmi.com/caselaws?id=67125 The Tribunal allowed the appeals against penalties imposed under s. 18(1)(c) of the Wealth-tax Act, 1957 r/w Expln. 3. It held that the penalties were unjustified as the returns were filed voluntarily and within the permissible time frame. The Tribunal concluded that the conditions specified in Expln. 3 were not met, and since the assessee had filed returns before assessments were completed, the penalties were canceled. en-us Thu, 25 Aug 1988 00:00:00 +0530 Wed, 09 Mar 2011 12:03:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67125 The Tribunal allowed the appeals against penalties imposed under s. 18(1)(c) of the Wealth-tax Act, 1957 r/w Expln. 3. It held that the penalties were unjustified as the returns were filed voluntarily and within the permissible time frame. The Tribunal concluded that the conditions specified in Expln. 3 were not met, and since the assessee had filed returns before assessments were completed, the penalties were canceled. Case-Laws Wealth-tax Thu, 25 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67125