https://www.taxtmi.com/caselaws?id=18136 The court upheld the Commissioner's decision to dismiss the petitioner's application under section 273A of the Income-tax Act for assessment years 1987-88 and 1988-89. The petitioner failed to meet the condition of payment or satisfactory arrangements for tax and interest, as required by the Act. Since the petitioner did not fulfill all conditions outlined in section 273A, the court found no grounds for the waiver or reduction of penalties and interest. The dismissal of the application was deemed in line with statutory requirements, emphasizing the importance of compliance with all conditions for seeking relief under section 273A. en-us Fri, 06 Sep 1996 00:00:00 +0530 Tue, 29 Sep 2009 10:29:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18136 The court upheld the Commissioner's decision to dismiss the petitioner's application under section 273A of the Income-tax Act for assessment years 1987-88 and 1988-89. The petitioner failed to meet the condition of payment or satisfactory arrangements for tax and interest, as required by the Act. Since the petitioner did not fulfill all conditions outlined in section 273A, the court found no grounds for the waiver or reduction of penalties and interest. The dismissal of the application was deemed in line with statutory requirements, emphasizing the importance of compliance with all conditions for seeking relief under section 273A. Case-Laws Income Tax Fri, 06 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18136