https://www.taxtmi.com/caselaws?id=271801 The Tribunal allowed the appeal, setting aside the penalty imposed under section 18(1)(c) of the Wealth Tax Act, 1957. The Tribunal found that the assessee had valid reasons for the delay in filing the wealth tax return, attributing it to ongoing litigations and other departmental actions. Emphasizing natural justice, the Tribunal concluded that the circumstances warranted deleting the penalty, highlighting the substantial compliance by the assessee upon receiving the notice. en-us Tue, 24 Nov 2015 00:00:00 +0530 Thu, 18 Feb 2016 07:04:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271801 The Tribunal allowed the appeal, setting aside the penalty imposed under section 18(1)(c) of the Wealth Tax Act, 1957. The Tribunal found that the assessee had valid reasons for the delay in filing the wealth tax return, attributing it to ongoing litigations and other departmental actions. Emphasizing natural justice, the Tribunal concluded that the circumstances warranted deleting the penalty, highlighting the substantial compliance by the assessee upon receiving the notice. Case-Laws Wealth-tax Tue, 24 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271801