https://www.taxtmi.com/caselaws?id=23094 The High Court ruled in favor of the petitioners, quashing the Commissioner's order under section 273A of the Income-tax Act, 1961. The Court found that the petitioners had made a voluntary and truthful disclosure of income, emphasizing that the revised returns were filed to rectify a specific issue and did not indicate a lack of good faith. The Commissioner's decision was deemed unjust, and a fresh assessment was directed. The Court made the rule absolute without imposing any costs on the petitioners. en-us Mon, 06 Aug 1990 00:00:00 +0530 Wed, 16 Dec 2009 17:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23094 The High Court ruled in favor of the petitioners, quashing the Commissioner's order under section 273A of the Income-tax Act, 1961. The Court found that the petitioners had made a voluntary and truthful disclosure of income, emphasizing that the revised returns were filed to rectify a specific issue and did not indicate a lack of good faith. The Commissioner's decision was deemed unjust, and a fresh assessment was directed. The Court made the rule absolute without imposing any costs on the petitioners. Case-Laws Income Tax Mon, 06 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23094