https://www.taxtmi.com/caselaws?id=25860 The High Court of Calcutta ruled in favor of the Revenue in a case involving a delay in filing a wealth-tax return for the year 1968-69. The court held that the penalty under section 18(1)(a) of the Wealth-tax Act should be levied according to the law in force when the wealth-tax assessment was completed, applying the amended law that came into effect after April 1, 1969. The decision aligned with previous Supreme Court rulings and was supported by both judges, Mrs. Monjula Bose and Dipak Kumar Sen. en-us Thu, 14 Aug 1986 00:00:00 +0530 Mon, 01 Feb 2010 13:24:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25860 The High Court of Calcutta ruled in favor of the Revenue in a case involving a delay in filing a wealth-tax return for the year 1968-69. The court held that the penalty under section 18(1)(a) of the Wealth-tax Act should be levied according to the law in force when the wealth-tax assessment was completed, applying the amended law that came into effect after April 1, 1969. The decision aligned with previous Supreme Court rulings and was supported by both judges, Mrs. Monjula Bose and Dipak Kumar Sen. Case-Laws Wealth-tax Thu, 14 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25860