https://www.taxtmi.com/caselaws?id=384824 The Court allowed the petition, setting aside the rejection of condonation of delay for assessment years (AYs) 2003-04 to 2010-11, while upholding the acceptance for AYs 2011-12 and 2012-13. The Court emphasized the petitioners' diligent pursuit, acknowledgment of over-reported wealth, and payment of taxes on the overstated returns. It referred to relevant precedents and highlighted the Commissioner's power to condone delays under Section 25 of the Wealth Tax Act. The Court directed examination of the refund request within 12 weeks, disposing of the writ petitions without costs. en-us Thu, 08 Aug 2019 00:00:00 +0530 Tue, 19 Nov 2019 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384824 The Court allowed the petition, setting aside the rejection of condonation of delay for assessment years (AYs) 2003-04 to 2010-11, while upholding the acceptance for AYs 2011-12 and 2012-13. The Court emphasized the petitioners' diligent pursuit, acknowledgment of over-reported wealth, and payment of taxes on the overstated returns. It referred to relevant precedents and highlighted the Commissioner's power to condone delays under Section 25 of the Wealth Tax Act. The Court directed examination of the refund request within 12 weeks, disposing of the writ petitions without costs. Case-Laws Wealth-tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384824