9911796707
TMI Blog1980 (4) TMI 161X X X X Extracts X X X X X X X X Extracts X X X X ..... r for the sake of convenience. 2. For the previous year relevant to the asst. yr. 1972-73 the assessee filed the wealth-tax return on 28th Dec., 1974 declaring net wealth of Rs. 2,38,992. Thus there was delay of 29 months in filing the return. The ITO initiated penalty proceedings. In penalty proceedings on behalf of the assessee it was contended that the assessee is an illiterate and was not aw ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erson was to held him. As soon as he came to know about his liability to WT, the return was filed. It was also stated that the appellant is a quite old man and remained ill. An affidavit of Sri Bhanwar Lal, Karta of the HUF was also filed. In this affidavit it was stated that he was the only sole male member of the HUF during the accounting period relating to asst. yrs. 1972-73 and 1973-74 and he ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d. The facts stated in the order of the AAC also find support from the affidavit filed by Sri Bhanwar Lal, Karta of the HUF. The affidavit filed by the Karta remained uncontroverted. From the facts stated in the order of the AAC and also from the contents of the affidavit, it is clear that the assessee was ignorant of the provisions of the WT Act. As and when he came to know about the liability to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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