https://www.taxtmi.com/caselaws?id=69179 Penalty for delayed filing of a wealth-tax return is not justified where the assessee's explanation shows bona fide reasons beyond control. The delay was admitted, but the assessee was aged and ill, was residing away from the place where the return had to be prepared and filed, and had sought extension of time. Those circumstances negatived any wilful or wanton omission, so the explanation was treated as sufficient and the penalty was cancelled. en-us Sat, 03 Apr 1976 00:00:00 +0530 Tue, 05 Apr 2011 16:11:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69179 Penalty for delayed filing of a wealth-tax return is not justified where the assessee's explanation shows bona fide reasons beyond control. The delay was admitted, but the assessee was aged and ill, was residing away from the place where the return had to be prepared and filed, and had sought extension of time. Those circumstances negatived any wilful or wanton omission, so the explanation was treated as sufficient and the penalty was cancelled. Case-Laws Income Tax Sat, 03 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69179