Penalty on filing of wealth tax return::

Last updated: 07 September 2007

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Court :
HC

Brief :
Held that in the absence of material on record justifying the delay in filing of returns, assessee is liable to pay penalty for the entire period.

Citation :
C.I.T ( Wealth Tax) Vs. Maharaja Amarinder Singh

Penalty on filing of wealth tax return C.I.T ( Wealth Tax) Vs. Maharaja Amarinder Singh 24-08-2004 (2005) 275 ITR 356 ( P&H) Case Fact: Whether delay in Income Tax Return can be an automatic reasonalble clasue for delay in Welath Tax Rreturn. Decision: Held that in the absence of material on record justifying the delay in filing of returns, assessee is liable to pay penalty for the entire period.

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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