https://www.taxtmi.com/caselaws?id=36701 The High Court of Madhya Pradesh upheld the Additional Commissioner's order directing a fresh assessment under section 25(2) of the Wealth Tax Act due to the assessee's delayed filing of the wealth return for the assessment year. The court found that the Wealth Tax Officer's failure to consider penalty provisions rendered the initial assessment erroneous, allowing for revision under the Act. The court ruled in favor of the department, supporting the Additional Commissioner's directive for a new assessment considering penalty provisions and ordered each party to bear their own costs. en-us Mon, 29 Oct 1979 00:00:00 +0530 Wed, 24 Mar 2010 10:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36701 The High Court of Madhya Pradesh upheld the Additional Commissioner's order directing a fresh assessment under section 25(2) of the Wealth Tax Act due to the assessee's delayed filing of the wealth return for the assessment year. The court found that the Wealth Tax Officer's failure to consider penalty provisions rendered the initial assessment erroneous, allowing for revision under the Act. The court ruled in favor of the department, supporting the Additional Commissioner's directive for a new assessment considering penalty provisions and ordered each party to bear their own costs. Case-Laws Wealth-tax Mon, 29 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36701