https://www.taxtmi.com/caselaws?id=10920 The court quashed the Commissioner's decision to decline waiver of penalties and interest under section 273A of the Income-tax Act, remanding the matter for reconsideration based on the fulfilled conditions for reduction or waiver. The court emphasized the voluntary nature of disclosure as a crucial factor, noting that despite investigations being initiated, the disclosure was voluntary as no incriminating material was in possession of the Assessing Officer before the disclosure. The court highlighted that the husband's visit and disclosure were voluntary, supporting the petitioner's argument. The petition was allowed with no order as to costs. en-us Wed, 21 Jan 2004 00:00:00 +0530 Mon, 27 Jul 2009 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10920 The court quashed the Commissioner's decision to decline waiver of penalties and interest under section 273A of the Income-tax Act, remanding the matter for reconsideration based on the fulfilled conditions for reduction or waiver. The court emphasized the voluntary nature of disclosure as a crucial factor, noting that despite investigations being initiated, the disclosure was voluntary as no incriminating material was in possession of the Assessing Officer before the disclosure. The court highlighted that the husband's visit and disclosure were voluntary, supporting the petitioner's argument. The petition was allowed with no order as to costs. Case-Laws Income Tax Wed, 21 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10920