https://www.taxtmi.com/caselaws?id=19619 The Court dismissed the petition seeking to quash the Income-tax Commissioner's order denying a waiver of penalties under sections 271(1)(a) and 273(2)(b) of the Income-tax Act, 1961. The Court held that the petitioner did not fulfill the conditions required for a waiver under section 273A, as the disclosure was not made in good faith and there was a lack of cooperation during the assessment process. The Court emphasized the importance of meeting all conditions before considering a reduction or waiver of penalties, ultimately upholding the Commissioner's decision. en-us Fri, 02 Sep 1994 00:00:00 +0530 Sat, 07 Nov 2009 14:00:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19619 The Court dismissed the petition seeking to quash the Income-tax Commissioner's order denying a waiver of penalties under sections 271(1)(a) and 273(2)(b) of the Income-tax Act, 1961. The Court held that the petitioner did not fulfill the conditions required for a waiver under section 273A, as the disclosure was not made in good faith and there was a lack of cooperation during the assessment process. The Court emphasized the importance of meeting all conditions before considering a reduction or waiver of penalties, ultimately upholding the Commissioner's decision. Case-Laws Income Tax Fri, 02 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19619