1991 (9) TMI 58 - HC - Wealth-tax

Summary

The High Court of Punjab and Haryana upheld a penalty imposed on an assessee for delay in filing a return under the Wealth-tax Act, 1957. The court ruled that the burden of proof to show "reasonable cause" for the delay lies on the assessee, not the Revenue. The decision was based on a similar provision in the Income-tax Act, 1961. The court agreed with the view that the onus is on the assessee to demonstrate "reasonable cause" for late filing, not on the Revenue to disprove it.