https://www.taxtmi.com/caselaws?id=67912 A bona fide explanation supported by affidavit and surrounding circumstances can constitute sufficient cause for condonation of delay, and the 64-day delay in filing the appeal was condoned. Penalty for late filing of a wealth-tax return was held unjustified where the assessee claimed exemption under section 5(1)(iv) and, on that basis, the net wealth was stated to fall below the taxable limit; the default was treated as technical and the levy as harsh and disproportionate. The appeal was entertained and the penalty was cancelled. en-us Wed, 09 Apr 1986 00:00:00 +0530 Tue, 15 Mar 2011 12:55:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67912 A bona fide explanation supported by affidavit and surrounding circumstances can constitute sufficient cause for condonation of delay, and the 64-day delay in filing the appeal was condoned. Penalty for late filing of a wealth-tax return was held unjustified where the assessee claimed exemption under section 5(1)(iv) and, on that basis, the net wealth was stated to fall below the taxable limit; the default was treated as technical and the levy as harsh and disproportionate. The appeal was entertained and the penalty was cancelled. Case-Laws Wealth-tax Wed, 09 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67912