https://www.taxtmi.com/caselaws?id=28738 A CBDT circular granting a general extension of time for filing wealth-tax returns to assessees holding agricultural assets could not be read as subject to an unstated condition precedent. The reference to valuation by a qualified valuer was merely explanatory of the reason for the extension and did not limit the benefit conferred. As the assessee held agricultural assets, the extended period applied, and the penalties under section 18(1)(a) of the Wealth-tax Act were correctly cancelled. en-us Wed, 21 Jul 1982 00:00:00 +0530 Thu, 25 Feb 2010 12:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28738 A CBDT circular granting a general extension of time for filing wealth-tax returns to assessees holding agricultural assets could not be read as subject to an unstated condition precedent. The reference to valuation by a qualified valuer was merely explanatory of the reason for the extension and did not limit the benefit conferred. As the assessee held agricultural assets, the extended period applied, and the penalties under section 18(1)(a) of the Wealth-tax Act were correctly cancelled. Case-Laws Wealth-tax Wed, 21 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28738