https://www.taxtmi.com/caselaws?id=35810 The High Court ruled in favor of the assessee, stating that the return filed was in compliance with the notice under section 14(2) and not under section 14(1). However, the Court upheld the imposition of penalty for delayed filing under section 14(1), emphasizing that liability could not be avoided based on receiving a notice under section 14(2. The judgment was a split decision with one judge concurring, and no costs were awarded in the case. en-us Mon, 29 Sep 1980 00:00:00 +0530 Tue, 16 Mar 2010 17:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35810 The High Court ruled in favor of the assessee, stating that the return filed was in compliance with the notice under section 14(2) and not under section 14(1). However, the Court upheld the imposition of penalty for delayed filing under section 14(1), emphasizing that liability could not be avoided based on receiving a notice under section 14(2. The judgment was a split decision with one judge concurring, and no costs were awarded in the case. Case-Laws Wealth-tax Mon, 29 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35810