https://www.taxtmi.com/caselaws?id=208433 The High Court held that the Commissioner erred in denying the petitioner's application for waiver of interest and penalty under Section 273A of the Income Tax Act for the assessment year 1987-88. It clarified that an assessee can seek relief under Section 273A only once, but if the conditions are fulfilled, the Commissioner must consider applications for multiple assessment years. The court directed the Commissioner to reconsider the petitioner's application in compliance with the law, emphasizing that relief should not be denied if the statutory requirements are satisfied. en-us Mon, 21 Feb 2011 00:00:00 +0530 Sat, 29 Jun 2013 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208433 The High Court held that the Commissioner erred in denying the petitioner's application for waiver of interest and penalty under Section 273A of the Income Tax Act for the assessment year 1987-88. It clarified that an assessee can seek relief under Section 273A only once, but if the conditions are fulfilled, the Commissioner must consider applications for multiple assessment years. The court directed the Commissioner to reconsider the petitioner's application in compliance with the law, emphasizing that relief should not be denied if the statutory requirements are satisfied. Case-Laws Income Tax Mon, 21 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208433