https://www.taxtmi.com/caselaws?id=18931 The High Court of BOMBAY ruled against the petitioners in their application for waiver of interest and penalty under section 273A of the Income-tax Act for assessment years 1978-79 to 1982-83. The court found that the returns were filed after receiving the notice under section 148, not before, failing to meet the pre-conditions under section 273A. Additionally, only the returns for the last three assessment years were deemed true and complete. As a result, the court dismissed the writ petition, emphasizing the failure to comply with statutory provisions, particularly regarding the timing of the returns in relation to the notice under section 148. en-us Wed, 12 Jul 1995 00:00:00 +0530 Mon, 02 Nov 2009 18:32:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18931 The High Court of BOMBAY ruled against the petitioners in their application for waiver of interest and penalty under section 273A of the Income-tax Act for assessment years 1978-79 to 1982-83. The court found that the returns were filed after receiving the notice under section 148, not before, failing to meet the pre-conditions under section 273A. Additionally, only the returns for the last three assessment years were deemed true and complete. As a result, the court dismissed the writ petition, emphasizing the failure to comply with statutory provisions, particularly regarding the timing of the returns in relation to the notice under section 148. Case-Laws Income Tax Wed, 12 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18931