1981 (8) TMI 52

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..... essee in respect of the assessment year 1967-68, on the ground that there was a delay in filing the wealth-tax return. The assessee in fact had filed the return in his individual capacity within the prescribed time. Admittedly, there was no delay in the filing of the return in his individual capacity. Subsequently, in view of some judicial pronouncement, the assessee was advised to file a separate .....

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..... of the return having regard to the circumstances of the case. In our opinion, the view taken by the Tribunal is unexceptionable. It is obvious that the original return was filed in time showing a larger wealth. Since the assessee has an unfettered right to file a revised return and the assessee in exercise of the said right has, in fact, filed a fresh revised return in his capacity as the karta o .....

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