https://www.taxtmi.com/caselaws?id=5666 The High Court held that the penalty could be imposed under section 271(1)(c) regardless of the voluntary disclosure scheme, leading to the appeal. The Tribunal emphasized the voluntary nature of the firm's disclosure and the Commissioner's duty to consider voluntary and good faith disclosure conditions under section 271(4A). The Supreme Court directed the Board to reexamine the matter, criticizing the lack of clarity in communication and quashed the Board's order, allowing the appeals without costs. en-us Mon, 04 May 1998 00:00:00 +0530 Tue, 06 Feb 2018 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5666 The High Court held that the penalty could be imposed under section 271(1)(c) regardless of the voluntary disclosure scheme, leading to the appeal. The Tribunal emphasized the voluntary nature of the firm's disclosure and the Commissioner's duty to consider voluntary and good faith disclosure conditions under section 271(4A). The Supreme Court directed the Board to reexamine the matter, criticizing the lack of clarity in communication and quashed the Board's order, allowing the appeals without costs. Case-Laws Income Tax Mon, 04 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5666