https://www.taxtmi.com/circulars?id=10472 Penalty under Section 273 should be sympathetically and liberally withheld where a taxpayer, prior to detection, voluntarily and in good faith makes full disclosure of concealed income, furnishes any required statement or estimate of advance tax and pays the advance tax by the prescribed deadline so that tax paid meets the stipulated proportion of assessed tax, files the required return in the prescribed manner and time, and cooperates in enquiries; assessing officers are directed not to initiate penalty proceedings in such cases. en-us Sun, 18 Feb 1996 00:00:00 +0530 Tue, 14 Jun 2011 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10472 Penalty under Section 273 should be sympathetically and liberally withheld where a taxpayer, prior to detection, voluntarily and in good faith makes full disclosure of concealed income, furnishes any required statement or estimate of advance tax and pays the advance tax by the prescribed deadline so that tax paid meets the stipulated proportion of assessed tax, files the required return in the prescribed manner and time, and cooperates in enquiries; assessing officers are directed not to initiate penalty proceedings in such cases. Circulars Income Tax Sun, 18 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10472