https://www.taxtmi.com/caselaws?id=23026 The court upheld the rejection of the waiver petition under sections 273A and 273A(4) of the Income-tax Act, 1961, due to lack of a firm assurance from the Commissioner of Income-tax. However, it quashed the prosecution launched against the petitioners for offences under sections 276C(1) and 277, citing a violation of natural justice principles. The court allowed the writ petition in part, upholding the penalty imposed but setting aside the prosecution order and related proceedings. en-us Wed, 09 May 1990 00:00:00 +0530 Wed, 16 Dec 2009 11:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23026 The court upheld the rejection of the waiver petition under sections 273A and 273A(4) of the Income-tax Act, 1961, due to lack of a firm assurance from the Commissioner of Income-tax. However, it quashed the prosecution launched against the petitioners for offences under sections 276C(1) and 277, citing a violation of natural justice principles. The court allowed the writ petition in part, upholding the penalty imposed but setting aside the prosecution order and related proceedings. Case-Laws Income Tax Wed, 09 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23026