https://www.taxtmi.com/caselaws?id=67145 The Tribunal upheld the imposition of penalties under s. 18(1)(a) for late filing of wealth returns, dismissing all appeals. They found penalties were validly imposed within reassessment proceedings, rejecting the argument that penalties were time-barred. The Tribunal held that reopening assessments rendered original penalties ineffective and emphasized the lack of reasonable cause for late submissions. The Deputy CWT(A)'s orders were upheld, with penalties maintained for all assessees involved in the case. en-us Tue, 20 Dec 1994 00:00:00 +0530 Wed, 09 Mar 2011 12:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67145 The Tribunal upheld the imposition of penalties under s. 18(1)(a) for late filing of wealth returns, dismissing all appeals. They found penalties were validly imposed within reassessment proceedings, rejecting the argument that penalties were time-barred. The Tribunal held that reopening assessments rendered original penalties ineffective and emphasized the lack of reasonable cause for late submissions. The Deputy CWT(A)'s orders were upheld, with penalties maintained for all assessees involved in the case. Case-Laws Wealth-tax Tue, 20 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67145