Penalty relief limited to cases where a penalty has been levied and recovery proceedings exist; requires application, hardship and cooperation. Section 273A(4) permits the Commissioner, on an assessee's application and after recording reasons, to reduce or waive penalties or to stay or compound recovery proceedings if non exercise would cause genuine hardship and the assessee has co operated; such relief is available only where a penalty has been levied and recovery proceedings exist.
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.
Penalty relief limited to cases where a penalty has been levied and recovery proceedings exist; requires application, hardship and cooperation.
Section 273A(4) permits the Commissioner, on an assessee's application and after recording reasons, to reduce or waive penalties or to stay or compound recovery proceedings if non exercise would cause genuine hardship and the assessee has co operated; such relief is available only where a penalty has been levied and recovery proceedings exist.
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