1989 (2) TMI 80

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..... Tribunal was justified in cancelling penalty under section 18(1)(a) of the Wealth-tax Act. In allowing the appeal, the Tribunal followed its earlier order. The question before the Tribunal was whether the assessee had, without sufficient cause, failed to furnish her return within the time allowed and in the manner required by sub-section (1) of section .14 of the Wealth-tax Act. The returns filed .....

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..... tion limit and the, return could not be filed earlier as she thought that she had no taxable wealth for the years in dispute. These facts are evident from the order passed by the first appellate authority. The Revenue took the matter further in appeal before the Income-tax Appellate Tribunal which dismissed both the appeals by a consolidated order following its own earlier order in the assessee's .....

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..... on of the assessee was that she laboured under the belief that she had no taxable wealth and the returns were filed as, on the valuation of immovable property, it was found that her net wealth was marginally above the wealth-tax exemption limit. In our considered opinion, the order of the Income-tax Appellate Tribunal does not give rise to any question of law. These applications are without any .....

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