https://www.taxtmi.com/caselaws?id=23975 The High Court ruled in favor of the assessee, finding that there was a reasonable cause for the delayed filing of wealth-tax returns for the assessment years 1970-71 and 1971-72. The penalties imposed were waived as the assessee was prevented by factors beyond their control, specifically family disputes arising from the death of a partner in the firm. The Court upheld the decisions of the lower tribunals, emphasizing the need to evaluate each case on its own merits and exercise discretion in line with legal principles. en-us Thu, 20 Jul 1989 00:00:00 +0530 Fri, 15 Jan 2010 15:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23975 The High Court ruled in favor of the assessee, finding that there was a reasonable cause for the delayed filing of wealth-tax returns for the assessment years 1970-71 and 1971-72. The penalties imposed were waived as the assessee was prevented by factors beyond their control, specifically family disputes arising from the death of a partner in the firm. The Court upheld the decisions of the lower tribunals, emphasizing the need to evaluate each case on its own merits and exercise discretion in line with legal principles. Case-Laws Wealth-tax Thu, 20 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23975