https://www.taxtmi.com/caselaws?id=58778 The Tribunal affirmed the AAC's decision to annul penalty orders imposed by the WTO on the Revenue for delayed filing of wealth-tax returns. The delay was deemed justified due to mental stress caused by a prior search and seizure of company accounts, supported by timely actions post-retrieval. Citing precedents and the complexity of financial details, the Tribunal found the delay reasonable, dismissing Revenue's appeals and upholding the annulment of penalties. en-us Thu, 27 Nov 1986 00:00:00 +0530 Wed, 22 Dec 2010 11:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58778 The Tribunal affirmed the AAC's decision to annul penalty orders imposed by the WTO on the Revenue for delayed filing of wealth-tax returns. The delay was deemed justified due to mental stress caused by a prior search and seizure of company accounts, supported by timely actions post-retrieval. Citing precedents and the complexity of financial details, the Tribunal found the delay reasonable, dismissing Revenue's appeals and upholding the annulment of penalties. Case-Laws Wealth-tax Thu, 27 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58778