https://www.taxtmi.com/caselaws?id=56044 The Tribunal dismissed the revenue's appeals and upheld the AAC's decision to cancel the penalty levied under section 18(1)(a) of the Wealth-tax Act, 1957 for the assessment years 1974-75 and 1975-76. The Tribunal found that there were reasonable causes for the delay in filing the returns, as the applications for extension of time were not rejected, and the assessee believed the extensions were granted due to non-communication of results. The appeals against the WTO's orders were deemed maintainable as the orders under section 18(1)(a) were independent of the Commissioner's order under section 18B. en-us Wed, 09 Mar 1983 00:00:00 +0530 Wed, 01 Dec 2010 12:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56044 The Tribunal dismissed the revenue's appeals and upheld the AAC's decision to cancel the penalty levied under section 18(1)(a) of the Wealth-tax Act, 1957 for the assessment years 1974-75 and 1975-76. The Tribunal found that there were reasonable causes for the delay in filing the returns, as the applications for extension of time were not rejected, and the assessee believed the extensions were granted due to non-communication of results. The appeals against the WTO's orders were deemed maintainable as the orders under section 18(1)(a) were independent of the Commissioner's order under section 18B. Case-Laws Income Tax Wed, 09 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56044