https://www.taxtmi.com/caselaws?id=11146 The court upheld the penalty imposed under sections 271(1)(c) and 273 of the Income-tax Act, 1961, as the disclosure by the assessee was not deemed voluntary and in good faith. The Commissioner of Income-tax's discretionary power to reject the waiver was upheld, emphasizing the importance of voluntary and full disclosures made before detection. The court dismissed the writ petition, affirming the penalty and emphasizing the lack of voluntariness in the disclosure. en-us Tue, 22 Sep 1998 00:00:00 +0530 Fri, 31 Jul 2009 19:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11146 The court upheld the penalty imposed under sections 271(1)(c) and 273 of the Income-tax Act, 1961, as the disclosure by the assessee was not deemed voluntary and in good faith. The Commissioner of Income-tax's discretionary power to reject the waiver was upheld, emphasizing the importance of voluntary and full disclosures made before detection. The court dismissed the writ petition, affirming the penalty and emphasizing the lack of voluntariness in the disclosure. Case-Laws Income Tax Tue, 22 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11146