https://www.taxtmi.com/caselaws?id=25741 The High Court upheld the Tribunal's decision, ruling in favor of the Revenue on both issues regarding the late filing of wealth tax returns under the Wealth-tax Act, 1957. The Court determined that the failure to file the return constituted a continuing default and applied the law post the amendment by the Finance Act, 1969, for penalty imposition. The judgment was transmitted to the Assistant Registrar, Income-tax Appellate Tribunal, "A" Bench, Patna, in compliance with the Wealth-tax Act. en-us Wed, 13 May 1987 00:00:00 +0530 Sat, 30 Jan 2010 15:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25741 The High Court upheld the Tribunal's decision, ruling in favor of the Revenue on both issues regarding the late filing of wealth tax returns under the Wealth-tax Act, 1957. The Court determined that the failure to file the return constituted a continuing default and applied the law post the amendment by the Finance Act, 1969, for penalty imposition. The judgment was transmitted to the Assistant Registrar, Income-tax Appellate Tribunal, "A" Bench, Patna, in compliance with the Wealth-tax Act. Case-Laws Wealth-tax Wed, 13 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25741