https://www.taxtmi.com/caselaws?id=24277 The court quashed the orders related to penalty, interest, and prosecution initiated by the Income-tax Officer, directing reconsideration of the petitioners' case under the "Voluntary Disclosure Scheme". It emphasized the binding nature of circulars issued by the CBDT and the need for principles of natural justice in administrative orders. The court held that the authorities must provide an opportunity for a hearing and pass reasoned orders. The petition was allowed with directions for a reconsideration of the case on its merits, ensuring compliance with the law and principles of natural justice. en-us Wed, 22 Feb 1989 00:00:00 +0530 Tue, 19 Jan 2010 10:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24277 The court quashed the orders related to penalty, interest, and prosecution initiated by the Income-tax Officer, directing reconsideration of the petitioners' case under the "Voluntary Disclosure Scheme". It emphasized the binding nature of circulars issued by the CBDT and the need for principles of natural justice in administrative orders. The court held that the authorities must provide an opportunity for a hearing and pass reasoned orders. The petition was allowed with directions for a reconsideration of the case on its merits, ensuring compliance with the law and principles of natural justice. Case-Laws Income Tax Wed, 22 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24277