https://www.taxtmi.com/caselaws?id=27275 The court interpreted the Wealth-tax Act and ruled that no penalty could be imposed on the legal representative for late filing of the return. It emphasized that liability to file a return arises only when the person is assessable on the valuation date. Additionally, the court clarified that penalties for late filing are based on the last date for filing the return, not on a monthly basis. The judgment favored the assessee, and no costs were awarded in the case. en-us Thu, 24 Jan 1985 00:00:00 +0530 Thu, 11 Feb 2010 17:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27275 The court interpreted the Wealth-tax Act and ruled that no penalty could be imposed on the legal representative for late filing of the return. It emphasized that liability to file a return arises only when the person is assessable on the valuation date. Additionally, the court clarified that penalties for late filing are based on the last date for filing the return, not on a monthly basis. The judgment favored the assessee, and no costs were awarded in the case. Case-Laws Wealth-tax Thu, 24 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27275