Voluntary disclosure must be individual to secure a penalty waiver; separate disclosures cannot be combined for eligibility. The waiver under section 273A(1) depends on a singular voluntary and good faith disclosure; disclosures made on different dates for different assessment years cannot be clubbed together to obtain the once in a lifetime benefit, though simultaneous applications for multiple years may be considered year by year by the commissioner.
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.
Voluntary disclosure must be individual to secure a penalty waiver; separate disclosures cannot be combined for eligibility.
The waiver under section 273A(1) depends on a singular voluntary and good faith disclosure; disclosures made on different dates for different assessment years cannot be clubbed together to obtain the once in a lifetime benefit, though simultaneous applications for multiple years may be considered year by year by the commissioner.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
