https://www.taxtmi.com/caselaws?id=28347 The court allowed the petition, quashed the order rejecting the waiver application for a specific year under the Wealth Tax Act, and directed the Commissioner to reconsider the application. The court found no justification for penalty imposition despite a technical omission in disclosure, emphasizing the voluntary nature of the disclosure and the petitioner's cooperation. The court dismissed the preliminary objection of time limitation, ruling that the delay in approaching the court was reasonable due to pursuing other avenues first. The petitioner was awarded costs for the legal proceedings. en-us Thu, 06 Jan 1983 00:00:00 +0530 Sat, 20 Feb 2010 18:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28347 The court allowed the petition, quashed the order rejecting the waiver application for a specific year under the Wealth Tax Act, and directed the Commissioner to reconsider the application. The court found no justification for penalty imposition despite a technical omission in disclosure, emphasizing the voluntary nature of the disclosure and the petitioner's cooperation. The court dismissed the preliminary objection of time limitation, ruling that the delay in approaching the court was reasonable due to pursuing other avenues first. The petitioner was awarded costs for the legal proceedings. Case-Laws Wealth-tax Thu, 06 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28347