No Penalty for Late Wealth Tax Returns Accepted Without Additional Assessments: Concealment of Wealth Not Proven. https://www.taxtmi.com/highlights?id=27136 Levy of penalty - concealment of wealth - delayed filing of wealth tax return beyond all times allowed - non-filing of wealth tax return in time - The returns filed by the assessees have been accepted without making any addition - No penalty can be levied - AT en-us Mon, 01 Feb 2016 13:04:27 +0530 Mon, 01 Feb 2016 13:04:27 +0530 TaxTMI RSS Generator No Penalty for Late Wealth Tax Returns Accepted Without Additional Assessments: Concealment of Wealth Not Proven. https://www.taxtmi.com/highlights?id=27136 Levy of penalty - concealment of wealth - delayed filing of wealth tax return beyond all times allowed - non-filing of wealth tax return in time - The returns filed by the assessees have been accepted without making any addition - No penalty can be levied - AT Highlights Wealth-tax Mon, 01 Feb 2016 13:04:27 +0530 https://www.taxtmi.com/highlights?id=27136