Waiver of penalty under Section 273A available across assessment years despite different filing dates now. If an assessee files a petition under Section 273A(1) covering multiple assessment years at one time, the Commissioner may grant waiver or reduction of penalty and interest for all those years regardless of the original return filing dates; supplementary petitions for the same years altering income disclosures are permissible, but later petitions covering other years filed after the first petition must be rejected under the provision for subsequent petitions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Waiver of penalty under Section 273A available across assessment years despite different filing dates now.
If an assessee files a petition under Section 273A(1) covering multiple assessment years at one time, the Commissioner may grant waiver or reduction of penalty and interest for all those years regardless of the original return filing dates; supplementary petitions for the same years altering income disclosures are permissible, but later petitions covering other years filed after the first petition must be rejected under the provision for subsequent petitions.
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