https://www.taxtmi.com/caselaws?id=68925 The Tribunal upheld the cancellation of penalties for late filing of wealth tax returns for eight assessment years. The Department's appeal against the cancellations was dismissed as the assessee demonstrated genuine efforts to comply with tax requirements, starting before the actual filing date. The Tribunal found no basis for penalties during the period in question, citing the absence of contumacious conduct. All eight appeals were dismissed, affirming the cancellation of penalties based on the assessee's sincere engagement in tax compliance efforts. en-us Tue, 31 Jul 1979 00:00:00 +0530 Mon, 04 Apr 2011 10:56:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68925 The Tribunal upheld the cancellation of penalties for late filing of wealth tax returns for eight assessment years. The Department's appeal against the cancellations was dismissed as the assessee demonstrated genuine efforts to comply with tax requirements, starting before the actual filing date. The Tribunal found no basis for penalties during the period in question, citing the absence of contumacious conduct. All eight appeals were dismissed, affirming the cancellation of penalties based on the assessee's sincere engagement in tax compliance efforts. Case-Laws Income Tax Tue, 31 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68925