https://www.taxtmi.com/caselaws?id=207109 The Tribunal set aside the Commissioner of Wealth-tax (Appeals)'s order and confirmed the penalties imposed by the Assessing Officer under Section 18(1)(c) of the Wealth-tax Act. The Tribunal held that the assessee's delay in filing returns lacked reasonable cause, rejecting the plea of ignorance of law. The penalties were upheld, and the revenue's appeals were allowed. en-us Fri, 22 Oct 2010 00:00:00 +0530 Wed, 12 Oct 2011 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207109 The Tribunal set aside the Commissioner of Wealth-tax (Appeals)'s order and confirmed the penalties imposed by the Assessing Officer under Section 18(1)(c) of the Wealth-tax Act. The Tribunal held that the assessee's delay in filing returns lacked reasonable cause, rejecting the plea of ignorance of law. The penalties were upheld, and the revenue's appeals were allowed. Case-Laws Wealth-tax Fri, 22 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207109