https://www.taxtmi.com/caselaws?id=71129 The Appellate Tribunal ITAT Patna-A ruled in favor of the assessee in penalty proceedings for late submission of wealth-tax returns. The Tribunal found that penalties imposed without providing a genuine opportunity of being heard were invalid. Despite a show-cause notice, the subsequent WTO failed to offer a fresh hearing opportunity before imposing penalties, leading to the cancellation of the penalties. The judgment highlighted the importance of ensuring a real opportunity for the assessee to present their case before penalties are imposed. en-us Wed, 25 Jul 1979 00:00:00 +0530 Thu, 21 Apr 2011 15:18:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71129 The Appellate Tribunal ITAT Patna-A ruled in favor of the assessee in penalty proceedings for late submission of wealth-tax returns. The Tribunal found that penalties imposed without providing a genuine opportunity of being heard were invalid. Despite a show-cause notice, the subsequent WTO failed to offer a fresh hearing opportunity before imposing penalties, leading to the cancellation of the penalties. The judgment highlighted the importance of ensuring a real opportunity for the assessee to present their case before penalties are imposed. Case-Laws Wealth-tax Wed, 25 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71129