https://www.taxtmi.com/caselaws?id=68958 The appeals by the department challenging penalties imposed on the assessee for late filing of wealth-tax returns were dismissed. The assessee's claim of ignorance of the law due to learning about the Voluntary Disclosure Scheme was accepted as a reasonable cause for the delay. The Tribunal emphasized that penalties should not be imposed for technical breaches and upheld the cancellation of penalties, considering the complexity of the legal system and the taxpayer's circumstances. en-us Wed, 14 Jul 1982 00:00:00 +0530 Mon, 04 Apr 2011 12:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68958 The appeals by the department challenging penalties imposed on the assessee for late filing of wealth-tax returns were dismissed. The assessee's claim of ignorance of the law due to learning about the Voluntary Disclosure Scheme was accepted as a reasonable cause for the delay. The Tribunal emphasized that penalties should not be imposed for technical breaches and upheld the cancellation of penalties, considering the complexity of the legal system and the taxpayer's circumstances. Case-Laws Wealth-tax Wed, 14 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68958