https://www.taxtmi.com/caselaws?id=19633 The Court quashed the penalties under section 273(b) and interest under section 139(8)/217, granting the petitioner's request for waiver. Penalties under section 271(1)(a) were upheld, but the Commissioner was directed to reconsider in accordance with the law. The Court found fault with the Commissioner's decision to reduce penalties by only 50% and acknowledged the satisfactory explanation for the delay in filing returns. en-us Tue, 26 Oct 1993 00:00:00 +0530 Sat, 07 Nov 2009 15:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19633 The Court quashed the penalties under section 273(b) and interest under section 139(8)/217, granting the petitioner's request for waiver. Penalties under section 271(1)(a) were upheld, but the Commissioner was directed to reconsider in accordance with the law. The Court found fault with the Commissioner's decision to reduce penalties by only 50% and acknowledged the satisfactory explanation for the delay in filing returns. Case-Laws Income Tax Tue, 26 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19633