https://www.taxtmi.com/caselaws?id=67726 Reasonable cause for delayed wealth-tax returns may be established through bona fide ignorance of the filing obligation supported by age, ill health, work-related burden, and inability to manage affairs. Where an uncontroverted affidavit and surrounding facts show that returns were filed after the taxpayer became aware of the liability, penalty for delay under the Wealth-tax Act is not justified. The penalties were cancelled and the related penalty orders were set aside. en-us Wed, 16 Apr 1980 00:00:00 +0530 Mon, 14 Mar 2011 12:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67726 Reasonable cause for delayed wealth-tax returns may be established through bona fide ignorance of the filing obligation supported by age, ill health, work-related burden, and inability to manage affairs. Where an uncontroverted affidavit and surrounding facts show that returns were filed after the taxpayer became aware of the liability, penalty for delay under the Wealth-tax Act is not justified. The penalties were cancelled and the related penalty orders were set aside. Case-Laws Wealth-tax Wed, 16 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67726