https://www.taxtmi.com/caselaws?id=28133 An application for waiver or reduction of penalty under section 18B of the Wealth-tax Act was maintainable despite delayed filing of returns, because late filing did not by itself bar consideration on merits. The Commissioner was required to exercise the statutory discretion on relevant considerations, but he rejected the request solely on the admitted delay and failed to address the merits. The rejection was therefore unsustainable and was quashed, with a direction to restore the application and decide it afresh in accordance with law. en-us Mon, 11 Apr 1983 00:00:00 +0530 Fri, 19 Feb 2010 12:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28133 An application for waiver or reduction of penalty under section 18B of the Wealth-tax Act was maintainable despite delayed filing of returns, because late filing did not by itself bar consideration on merits. The Commissioner was required to exercise the statutory discretion on relevant considerations, but he rejected the request solely on the admitted delay and failed to address the merits. The rejection was therefore unsustainable and was quashed, with a direction to restore the application and decide it afresh in accordance with law. Case-Laws Wealth-tax Mon, 11 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28133