1990 (9) TMI 45

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..... 7(3) of the Wealth-tax Act, 1957, on the following question of law: "Whether, on the facts and in the circumstances of the case, the imposition of penalty under section 18(1)(a) of the Wealth-tax Act for the assessment year 1972-73 is correct in law ?" In respect of the assessment year 1972-73, return was to be filed by the assessee on or before June 30, 1972. He filed the same only on October 1 .....

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..... tted that the Wealth-tax Officer found the delay to be about two years, whereas the Tribunal has found it to be 22 months. Thus, it is not known whether return was actually filed earlier. Therefore, while considering the question of imposition of penalty, the taxing authorities not having taken due care, the appellate order suffers from unreasonableness. We are not impressed with the submission in .....

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