https://www.taxtmi.com/caselaws?id=327817 The court dismissed the writ petition seeking relief for the assessment year 2000-01 by a Partnership Firm engaged in tiles manufacture and rental income. The firm's admission of additional income during a survey under Section 133A was found to be voluntary, and the respondent's rejection of the petition under Section 264 was upheld. The court emphasized the duty to disclose true income and the importance of timely actions under the Income Tax Act. The petitioner's failure to file a revised return under Section 139(5) and belated objections led to the dismissal of the petition without costs. en-us Wed, 13 Apr 2016 00:00:00 +0530 Fri, 20 May 2016 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327817 The court dismissed the writ petition seeking relief for the assessment year 2000-01 by a Partnership Firm engaged in tiles manufacture and rental income. The firm's admission of additional income during a survey under Section 133A was found to be voluntary, and the respondent's rejection of the petition under Section 264 was upheld. The court emphasized the duty to disclose true income and the importance of timely actions under the Income Tax Act. The petitioner's failure to file a revised return under Section 139(5) and belated objections led to the dismissal of the petition without costs. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327817