https://www.taxtmi.com/caselaws?id=25553 The court dismissed the writ petition filed by a jeweler challenging penalty proceedings by the Income-tax Department for delayed filing of returns. The court held that the subsequent disclosure by the petitioner did not meet statutory requirements under section 273A, emphasizing the need for a full and true disclosure within the specified time frame. It was ruled that the Commissioner lacked authority to extend the disclosure period beyond statutory limits, citing precedent to support the decision. The court found no basis for intervention and rejected the petition during the admission stage. en-us Fri, 19 Dec 1986 00:00:00 +0530 Fri, 29 Jan 2010 13:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25553 The court dismissed the writ petition filed by a jeweler challenging penalty proceedings by the Income-tax Department for delayed filing of returns. The court held that the subsequent disclosure by the petitioner did not meet statutory requirements under section 273A, emphasizing the need for a full and true disclosure within the specified time frame. It was ruled that the Commissioner lacked authority to extend the disclosure period beyond statutory limits, citing precedent to support the decision. The court found no basis for intervention and rejected the petition during the admission stage. Case-Laws Income Tax Fri, 19 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25553