https://www.taxtmi.com/caselaws?id=22432 The High Court upheld the Tribunal's decision, affirming the validity of the penalty proceedings under section 18(2) and ruling in favor of the Revenue on all the questions referred for consideration. The delay in filing the return was deemed unexplained, the defect in the notice was not found to invalidate it, the imposition of penalty for default under section 14(1) was upheld despite proceedings under section 18(2), and the court clarified that a reasonable opportunity of being heard was provided, rendering the penalty imposition valid. en-us Mon, 26 Nov 1990 00:00:00 +0530 Thu, 10 Dec 2009 11:01:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22432 The High Court upheld the Tribunal's decision, affirming the validity of the penalty proceedings under section 18(2) and ruling in favor of the Revenue on all the questions referred for consideration. The delay in filing the return was deemed unexplained, the defect in the notice was not found to invalidate it, the imposition of penalty for default under section 14(1) was upheld despite proceedings under section 18(2), and the court clarified that a reasonable opportunity of being heard was provided, rendering the penalty imposition valid. Case-Laws Wealth-tax Mon, 26 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22432