https://www.taxtmi.com/caselaws?id=77599 The court quashed the Commissioner's order retaining interest and penalties under sections 139(8) and 271(1)(a) for assessment years 1985-86 to 1989-90, remanding the application for waiver to be reconsidered on its merits. The judgment emphasized the importance of voluntary disclosure, good faith, and cooperation in income tax matters, requiring the Commissioner to exercise discretion in favor of the assessee when warranted by the circumstances. en-us Thu, 07 Aug 2008 00:00:00 +0530 Mon, 27 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77599 The court quashed the Commissioner's order retaining interest and penalties under sections 139(8) and 271(1)(a) for assessment years 1985-86 to 1989-90, remanding the application for waiver to be reconsidered on its merits. The judgment emphasized the importance of voluntary disclosure, good faith, and cooperation in income tax matters, requiring the Commissioner to exercise discretion in favor of the assessee when warranted by the circumstances. Case-Laws Income Tax Thu, 07 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77599