https://www.taxtmi.com/caselaws?id=24796 The court found that the Commissioner misdirected himself in refusing to exercise discretion under section 273A of the Income-tax Act. The court held that the petitioner's income disclosure was voluntary, made in good faith, and that the petitioner cooperated in assessment proceedings and made satisfactory tax arrangements. The court quashed the Commissioner's decision and remanded the matter for reconsideration, concluding that the conditions for the exercise of discretion under section 273A were met. The petition was allowed with no costs. en-us Fri, 01 Jul 1988 00:00:00 +0530 Fri, 22 Jan 2010 13:58:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24796 The court found that the Commissioner misdirected himself in refusing to exercise discretion under section 273A of the Income-tax Act. The court held that the petitioner's income disclosure was voluntary, made in good faith, and that the petitioner cooperated in assessment proceedings and made satisfactory tax arrangements. The court quashed the Commissioner's decision and remanded the matter for reconsideration, concluding that the conditions for the exercise of discretion under section 273A were met. The petition was allowed with no costs. Case-Laws Income Tax Fri, 01 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24796