https://www.taxtmi.com/caselaws?id=67340 Penalty for delayed filing of net wealth returns under section 18(1)(a) of the Wealth-tax Act was considered in light of the assessee's explanation of illness and death of his wife, together with the sudden departure of the employee handling tax matters. Those circumstances were found to have caused difficulty in gathering records and completing the returns, and the fact that returns for earlier and later years were filed on time supported the view that the default was confined to the two years in question. The delay was therefore treated as supported by reasonable cause, and cancellation of the penalties was justified. en-us Tue, 19 Feb 1980 00:00:00 +0530 Thu, 10 Mar 2011 11:34:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67340 Penalty for delayed filing of net wealth returns under section 18(1)(a) of the Wealth-tax Act was considered in light of the assessee's explanation of illness and death of his wife, together with the sudden departure of the employee handling tax matters. Those circumstances were found to have caused difficulty in gathering records and completing the returns, and the fact that returns for earlier and later years were filed on time supported the view that the default was confined to the two years in question. The delay was therefore treated as supported by reasonable cause, and cancellation of the penalties was justified. Case-Laws Wealth-tax Tue, 19 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67340