1980 (4) TMI 164

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.... under s. 18(1)(a) for the delayed filing of the wealth-tax return for asst. yr. 72-73. 2. The wealth-tax return was due on or before 31st July, 72. It was actually filed on 13th Oct., 72 so that there was delay of 2 complete months. In view of this default the WTO imposed the impugned penalty of Rs.4,441. 3. The assessee appealed to the AAC. It was pointed out to the learned AAC that the as....

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....market value of the shares as per rr. 1D and 1C of the WT Rules. It was further pointed out that the firm M/s. Periwal Ice Ginning and Pressing Factory in which the assessee was a partner filed its own return on 9th Oct., 72 and the assessee filed her wealth-tax return on 13th Oct., 72. Proceeding further it was stated that the default, if at all it was there, was technical or venial and there was....