https://www.taxtmi.com/circulars?id=9882 Section 273A(4) relief applies only where a penalty has been actually imposed and become payable; waiver or reduction may be considered only in respect of the unpaid portion, and recovery initiated while an application under the section is pending should, where practicable, be stayed until the CIT disposes of the application to avoid aggravating genuine hardship. en-us Mon, 25 Jun 1990 00:00:00 +0530 Thu, 09 Jun 2011 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9882 Section 273A(4) relief applies only where a penalty has been actually imposed and become payable; waiver or reduction may be considered only in respect of the unpaid portion, and recovery initiated while an application under the section is pending should, where practicable, be stayed until the CIT disposes of the application to avoid aggravating genuine hardship. Circulars Income Tax Mon, 25 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9882