https://www.taxtmi.com/caselaws?id=59967 The Tribunal canceled the penalties imposed under section 18(1)(a) for late filing of returns for the assessment years 1971-72 and 1972-73. The delay in filing was attributed to waiting for necessary wealth details post-audit, which the assessee considered a reasonable cause. The Tribunal found that the delay was justified, as the assessee voluntarily filed returns, paid taxes, and did not exhibit intentional disobedience. Consequently, the penalties were canceled, and the appeals were allowed. en-us Sat, 31 Oct 1981 00:00:00 +0530 Mon, 03 Jan 2011 11:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59967 The Tribunal canceled the penalties imposed under section 18(1)(a) for late filing of returns for the assessment years 1971-72 and 1972-73. The delay in filing was attributed to waiting for necessary wealth details post-audit, which the assessee considered a reasonable cause. The Tribunal found that the delay was justified, as the assessee voluntarily filed returns, paid taxes, and did not exhibit intentional disobedience. Consequently, the penalties were canceled, and the appeals were allowed. Case-Laws Wealth-tax Sat, 31 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59967