https://www.taxtmi.com/caselaws?id=18812 Where a penalty for delayed filing continues across a statutory amendment, the penalty must be computed separately for the pre-amendment and post-amendment periods under the law applicable to each period. The court rejected the view that liability was confined to the maximum penalty in force on the original due date of the return, and upheld the Revenue's computation basis. For delay before 1 April 1969, the unamended section 18 of the Wealth-tax Act, 1957 applied; for delay after that date, the amended provision introduced by the Finance Act, 1969 governed the computation. en-us Tue, 22 Aug 1995 00:00:00 +0530 Mon, 02 Nov 2009 11:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18812 Where a penalty for delayed filing continues across a statutory amendment, the penalty must be computed separately for the pre-amendment and post-amendment periods under the law applicable to each period. The court rejected the view that liability was confined to the maximum penalty in force on the original due date of the return, and upheld the Revenue's computation basis. For delay before 1 April 1969, the unamended section 18 of the Wealth-tax Act, 1957 applied; for delay after that date, the amended provision introduced by the Finance Act, 1969 governed the computation. Case-Laws Wealth-tax Tue, 22 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18812