https://www.taxtmi.com/caselaws?id=25727 The court held in favor of the Revenue and against the assessee, determining that the failure to file the wealth-tax return constitutes a continuing offense. The penalty for delayed filing is to be calculated based on the law prevailing at the time of assessment and penalty proceedings initiation, with reference to each succeeding month of default. The court clarified that Article 20(1) of the Constitution does not apply to civil penalties under fiscal enactments, affirming the validity of the penalty under section 18(1) of the Wealth-tax Act. en-us Thu, 05 Mar 1987 00:00:00 +0530 Sat, 30 Jan 2010 14:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25727 The court held in favor of the Revenue and against the assessee, determining that the failure to file the wealth-tax return constitutes a continuing offense. The penalty for delayed filing is to be calculated based on the law prevailing at the time of assessment and penalty proceedings initiation, with reference to each succeeding month of default. The court clarified that Article 20(1) of the Constitution does not apply to civil penalties under fiscal enactments, affirming the validity of the penalty under section 18(1) of the Wealth-tax Act. Case-Laws Wealth-tax Thu, 05 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25727