https://www.taxtmi.com/caselaws?id=26721 The matter concerned whether penalty for late filing of wealth-tax returns under section 18(1)(a) should be governed by the law in force when the default first occurred or by the amended law applying to a continuing default. The Revenue contended that the default was continuing and that the amended penalty regime from 1 April 1969 applied, while the Tribunal had taken the earlier law as controlling. In light of the Supreme Court authority noted in the order, the Court found that questions of law did arise from the Tribunal's decision and directed it to draw up a consolidated statement and refer the questions. en-us Thu, 23 Jan 1986 00:00:00 +0530 Mon, 08 Feb 2010 10:41:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26721 The matter concerned whether penalty for late filing of wealth-tax returns under section 18(1)(a) should be governed by the law in force when the default first occurred or by the amended law applying to a continuing default. The Revenue contended that the default was continuing and that the amended penalty regime from 1 April 1969 applied, while the Tribunal had taken the earlier law as controlling. In light of the Supreme Court authority noted in the order, the Court found that questions of law did arise from the Tribunal's decision and directed it to draw up a consolidated statement and refer the questions. Case-Laws Wealth-tax Thu, 23 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26721