https://www.taxtmi.com/caselaws?id=35955 The High Court reduced penalties for late filing of wealth-tax returns for assessment years 1970-71 and 1971-72. The Commissioner's rejection of the chartered accountant's advice was deemed erroneous. The Court ordered penalties to be calculated from January to April 1971 for 1970-71 and allowed the petition for 1971-72, directing the department to refund penalties imposed for both years. Judge B. Lentin found the Commissioner's actions to be incorrect and ordered the reduction of penalties and refunds. en-us Fri, 16 Jan 1981 00:00:00 +0530 Thu, 18 Mar 2010 11:44:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35955 The High Court reduced penalties for late filing of wealth-tax returns for assessment years 1970-71 and 1971-72. The Commissioner's rejection of the chartered accountant's advice was deemed erroneous. The Court ordered penalties to be calculated from January to April 1971 for 1970-71 and allowed the petition for 1971-72, directing the department to refund penalties imposed for both years. Judge B. Lentin found the Commissioner's actions to be incorrect and ordered the reduction of penalties and refunds. Case-Laws Wealth-tax Fri, 16 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35955