https://www.taxtmi.com/caselaws?id=19381 The High Court allowed the petition, quashed the impugned order, and directed the Commissioner to reevaluate the application for penalty waiver considering genuine hardship and cooperation, rather than solely focusing on penalty payment as grounds for rejection. The court emphasized that relief under section 273A(4) should be based on mitigating circumstances, not just penalty payment, and clarified that even if the penalty is paid, the assessee may still be eligible for relief. en-us Mon, 27 Jun 1994 00:00:00 +0530 Thu, 05 Nov 2009 17:43:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19381 The High Court allowed the petition, quashed the impugned order, and directed the Commissioner to reevaluate the application for penalty waiver considering genuine hardship and cooperation, rather than solely focusing on penalty payment as grounds for rejection. The court emphasized that relief under section 273A(4) should be based on mitigating circumstances, not just penalty payment, and clarified that even if the penalty is paid, the assessee may still be eligible for relief. Case-Laws Income Tax Mon, 27 Jun 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19381