https://www.taxtmi.com/caselaws?id=247782 The High Court examined the interpretation of the Amnesty Scheme under the Income-tax Act, 1961, focusing on penalties under sections 271(1)(c) and 273(2)(a). It found the Tribunal's inconsistency in decisions for the same assessment year to be erroneous. The Court ruled in favor of the appellant, emphasizing the voluntary nature of the surrender and the need for consistency in penalty assessments. Ultimately, the Court allowed the appeal, highlighting the importance of adherence to legal principles in such matters. en-us Thu, 08 May 2014 00:00:00 +0530 Thu, 22 May 2014 08:42:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247782 The High Court examined the interpretation of the Amnesty Scheme under the Income-tax Act, 1961, focusing on penalties under sections 271(1)(c) and 273(2)(a). It found the Tribunal's inconsistency in decisions for the same assessment year to be erroneous. The Court ruled in favor of the appellant, emphasizing the voluntary nature of the surrender and the need for consistency in penalty assessments. Ultimately, the Court allowed the appeal, highlighting the importance of adherence to legal principles in such matters. Case-Laws Income Tax Thu, 08 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247782