https://www.taxtmi.com/caselaws?id=23451 The Tribunal ruled that penalties for delayed filing of wealth-tax returns should be based on the law in force at the time of the offense, not the law at the time of amendment. The decision, influenced by a Supreme Court ruling in a similar case, emphasized the importance of applying the relevant law at the time of the default for penalty imposition. The judgment highlighted the significance of timely compliance with tax obligations and established a precedent for consistent penalty imposition based on the law applicable at the time of the offense. en-us Mon, 08 Aug 1988 00:00:00 +0530 Sat, 19 Dec 2009 13:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23451 The Tribunal ruled that penalties for delayed filing of wealth-tax returns should be based on the law in force at the time of the offense, not the law at the time of amendment. The decision, influenced by a Supreme Court ruling in a similar case, emphasized the importance of applying the relevant law at the time of the default for penalty imposition. The judgment highlighted the significance of timely compliance with tax obligations and established a precedent for consistent penalty imposition based on the law applicable at the time of the offense. Case-Laws Wealth-tax Mon, 08 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23451