TaxTMI 
TaxTMI 
1978 (11) TMI 92
X X X X Extracts X X X X
X X X X Extracts X X X X
....s of the WTO under s. 18(1)(a) of the WT Act, were cancelled. The point involved is common for all the years and hence for convenience a consolidated order is passed. 2. For all the three years the WTO issued a show cause notice to the assessee for non-filing of returns. But there was no compliance. Even the notice issued under s.14(2) for the years concerned was not completed with by the asses....
X X X X Extracts X X X X
X X X X Extracts X X X X
....use why penalty should not be imposed for non-filing of the return. It is also argued that there was no dispute regarding the default committed by the assessee and that the AAC was not justified in taking carelessness and ignorance on the part of the assessee to be a sufficient cause for the default. It is to be mentioned that before the AAC, Shri Sharma, Advocate appeared. It was submitted before....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... cancel the penalty on the above ground. It is therefore, prayed that the order of the WTO should be restored. 5. None appears for the assessee when the case is called up. 6. We have looked into the matter alongwith the contentions and submissions of the Revenue, along with the facts of the case placed before us. We find that there is no dispute regarding failure on the part of the assessee ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he plea of the assessee that the net wealth of the assessee would be below the taxable limit, and hence no return was filed. 7. Furthermore penalty for non-filing of return of wealth-tax can only be ordered under s. 18(1)(a) of the WT Act. The section provides that penalty can be imposed if any person without reasonable cause has failed to furnish his return. When no wealth-tax return is field ....