https://www.taxtmi.com/caselaws?id=24496 The High Court analyzed the interpretation of section 273A of the Income-tax Act, 1961 and the scope of Explanation 2 in response to nine writ petitions filed by firms and their partners seeking waiver of penalty and interest. The court held that the petitioners did not meet the requirement of making full and true disclosure voluntarily and in good faith, essential for penalty waiver under section 273A. Emphasizing the significance of the term "voluntarily," the court upheld the Commissioner's decision, denying the waiver and dismissing all writ petitions with costs. en-us Thu, 29 Sep 1988 00:00:00 +0530 Wed, 20 Jan 2010 15:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24496 The High Court analyzed the interpretation of section 273A of the Income-tax Act, 1961 and the scope of Explanation 2 in response to nine writ petitions filed by firms and their partners seeking waiver of penalty and interest. The court held that the petitioners did not meet the requirement of making full and true disclosure voluntarily and in good faith, essential for penalty waiver under section 273A. Emphasizing the significance of the term "voluntarily," the court upheld the Commissioner's decision, denying the waiver and dismissing all writ petitions with costs. Case-Laws Income Tax Thu, 29 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24496