https://www.taxtmi.com/caselaws?id=69938 Delay in filing a wealth-tax return may constitute reasonable cause where the delay is attributable to the time taken to file the income-tax return, because the statutory scheme under the Wealth-tax Act linked the filing timelines for the two returns. On that basis, penalty under section 18(1)(a) was held not justified, and cancellation of the penalty was upheld in favour of the assessee. en-us Tue, 20 Jul 1982 00:00:00 +0530 Wed, 13 Apr 2011 10:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69938 Delay in filing a wealth-tax return may constitute reasonable cause where the delay is attributable to the time taken to file the income-tax return, because the statutory scheme under the Wealth-tax Act linked the filing timelines for the two returns. On that basis, penalty under section 18(1)(a) was held not justified, and cancellation of the penalty was upheld in favour of the assessee. Case-Laws Wealth-tax Tue, 20 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69938