https://www.taxtmi.com/caselaws?id=10033 The court quashed the order rejecting the petitioner's application for waiver of interest and penalty under section 273A of the Income-tax Act, 1961. It remanded the matter for reconsideration, stating that the petitioner had met the requirements of section 273A(1) by making a full and true disclosure, as per the Explanation to the section. The court emphasized that new reasons introduced through an affidavit-in-reply were inadmissible, and the absence of adverse findings on voluntariness and good faith indicated compliance. The petition was allowed, and no costs were awarded. en-us Sun, 22 Feb 2004 00:00:00 +0530 Mon, 06 Jul 2009 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10033 The court quashed the order rejecting the petitioner's application for waiver of interest and penalty under section 273A of the Income-tax Act, 1961. It remanded the matter for reconsideration, stating that the petitioner had met the requirements of section 273A(1) by making a full and true disclosure, as per the Explanation to the section. The court emphasized that new reasons introduced through an affidavit-in-reply were inadmissible, and the absence of adverse findings on voluntariness and good faith indicated compliance. The petition was allowed, and no costs were awarded. Case-Laws Income Tax Sun, 22 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10033