https://www.taxtmi.com/caselaws?id=200499 The ITAT Chennai heard appeals by Revenue against the Commissioner of Wealth Tax (Appeals) order and Cross-Objections by the assessee regarding interest under section 17B of the Wealth Tax Act, 1957. The Tribunal upheld interest levy by the Assessing Officer for years with late filings but confirmed the Commissioner's order for timely filings. Revenue's appeals were allowed for some years and dismissed for others, while Cross-Objections were deemed infructuous. The Tribunal's detailed analysis led to a mixed outcome, balancing interests under section 17B based on filing timelines. en-us Wed, 16 Aug 2017 00:00:00 +0530 Sat, 31 Mar 2018 06:14:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200499 The ITAT Chennai heard appeals by Revenue against the Commissioner of Wealth Tax (Appeals) order and Cross-Objections by the assessee regarding interest under section 17B of the Wealth Tax Act, 1957. The Tribunal upheld interest levy by the Assessing Officer for years with late filings but confirmed the Commissioner's order for timely filings. Revenue's appeals were allowed for some years and dismissed for others, while Cross-Objections were deemed infructuous. The Tribunal's detailed analysis led to a mixed outcome, balancing interests under section 17B based on filing timelines. Case-Laws Wealth-tax Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200499