1976 (3) TMI 95

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....cting the WTO to calculate the penalties leviable at the rate existing on the dates of default. 2. For asst. yr. 1967-68, the Wealth-tax return was due on 30th June, 1967 but the assessee filed it only on 28th Dec., 1970. Thus, there was delay of 41 months in the filing of the return. For asst. yr. 1968-69, the wealth-tax return was due on 30th June, 1968 but it was filed by the assessee only o....

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....lt i.e. on the tax base. As against such orders, the revenue is in appeal. 4. The learned departmental representative urged before us that the returns having been filed after 1st April, 1969 and the default in the filing of the returns continued even after 1st April, 1969, the WTO was justified in calculating penalties at the new rates after 1st April, 1969. On the other hand, the learned Chart....