https://www.taxtmi.com/caselaws?id=39449 The High Court held that the Commissioner wrongly applied the provisions of section 18(2A) of the Wealth-tax Act, as the condition of "voluntarily and in good faith" disclosure is related to the content of the return, not the cause of delay in filing. Since there was no concealment of taxable wealth, the petitioner satisfied the condition, and the orders rejecting the applications were set aside. The Commissioner was directed to consider various factors in exercising discretion under section 18(2A) while dealing with the cases. The cases were remanded for further proceedings in accordance with the law. en-us Thu, 19 Jun 1975 00:00:00 +0530 Fri, 16 Apr 2010 15:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39449 The High Court held that the Commissioner wrongly applied the provisions of section 18(2A) of the Wealth-tax Act, as the condition of "voluntarily and in good faith" disclosure is related to the content of the return, not the cause of delay in filing. Since there was no concealment of taxable wealth, the petitioner satisfied the condition, and the orders rejecting the applications were set aside. The Commissioner was directed to consider various factors in exercising discretion under section 18(2A) while dealing with the cases. The cases were remanded for further proceedings in accordance with the law. Case-Laws Wealth-tax Thu, 19 Jun 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39449