https://www.taxtmi.com/caselaws?id=69800 The Tribunal dismissed the appeal, upholding the penalty imposed by the WTO under s. 18(1)(a) of the WT Act, 1957 for the delay in filing the wealth tax return for the assessment year 1967-68. The Tribunal found the penalty justified due to the lack of evidence supporting an extension application for the wealth tax return, despite timely filing of the income tax return. The appellant's explanations were deemed unconvincing, and the penalty was upheld based on the circumstances and absence of reasonable cause for the delay. en-us Mon, 08 Jun 1981 00:00:00 +0530 Tue, 12 Apr 2011 11:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69800 The Tribunal dismissed the appeal, upholding the penalty imposed by the WTO under s. 18(1)(a) of the WT Act, 1957 for the delay in filing the wealth tax return for the assessment year 1967-68. The Tribunal found the penalty justified due to the lack of evidence supporting an extension application for the wealth tax return, despite timely filing of the income tax return. The appellant's explanations were deemed unconvincing, and the penalty was upheld based on the circumstances and absence of reasonable cause for the delay. Case-Laws Wealth-tax Mon, 08 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69800