Genuine hardship under section 273A(4) must exist at application and at order for penalty relief. The existence of genuine hardship under section 273A(4) must be demonstrated at the time the assessee makes the application and must continue to exist at the time the Commissioner passes an order; relief also requires that the assessee has cooperated in related inquiries and that the Commissioner records reasons for any reduction, waiver, stay or compounding of penalties or recovery proceedings.
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.
Genuine hardship under section 273A(4) must exist at application and at order for penalty relief.
The existence of genuine hardship under section 273A(4) must be demonstrated at the time the assessee makes the application and must continue to exist at the time the Commissioner passes an order; relief also requires that the assessee has cooperated in related inquiries and that the Commissioner records reasons for any reduction, waiver, stay or compounding of penalties or recovery proceedings.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
