https://www.taxtmi.com/caselaws?id=14569 The Court allowed the writ petition seeking waiver of penalty under section 273A(4) of the Income-tax Act, 1961. The petitioner's revised return, disclosing the true income and paying taxes in full, was deemed as cooperation with the Department. The Court held that the Commissioner erred in rejecting the waiver request, emphasizing that disclosure of true income can be made in a revised return to demonstrate cooperation. The respondent's order was quashed, and a fresh consideration of the waiver application was directed within two months. en-us Thu, 19 Nov 1998 00:00:00 +0530 Fri, 17 Jul 2009 12:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14569 The Court allowed the writ petition seeking waiver of penalty under section 273A(4) of the Income-tax Act, 1961. The petitioner's revised return, disclosing the true income and paying taxes in full, was deemed as cooperation with the Department. The Court held that the Commissioner erred in rejecting the waiver request, emphasizing that disclosure of true income can be made in a revised return to demonstrate cooperation. The respondent's order was quashed, and a fresh consideration of the waiver application was directed within two months. Case-Laws Income Tax Thu, 19 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14569