https://www.taxtmi.com/caselaws?id=22747 A belated wealth-tax return shown as a revised return supported an inference of culpable conduct where the Tribunal found as a fact that no earlier return had been filed. The Court treated the inference of intention from conduct as a factual finding, not a question of law, and on that basis upheld penalty under section 18(1)(a) of the Wealth-tax Act, 1957. The assessee's explanation that a return could be filed any time before assessment was rejected on the recorded facts, and the penalty was held reasonable and correct in law. en-us Thu, 20 Sep 1990 00:00:00 +0530 Sat, 12 Dec 2009 16:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22747 A belated wealth-tax return shown as a revised return supported an inference of culpable conduct where the Tribunal found as a fact that no earlier return had been filed. The Court treated the inference of intention from conduct as a factual finding, not a question of law, and on that basis upheld penalty under section 18(1)(a) of the Wealth-tax Act, 1957. The assessee's explanation that a return could be filed any time before assessment was rejected on the recorded facts, and the penalty was held reasonable and correct in law. Case-Laws Wealth-tax Thu, 20 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22747