https://www.taxtmi.com/caselaws?id=26730 The High Court held that the penalty under section 273A of the Income-tax Act could be waived if the specified conditions were met, without excluding previous assesses. Emphasizing strict construction of taxing statutes, the court found the Commissioner's rejection of the application based on irrelevant considerations unsustainable. The court allowed the petition, quashed the order, and directed reconsideration of the application under section 273A, focusing on the relevant conditions. No costs were awarded, indicating a favorable outcome for the petitioner seeking the penalty waiver. en-us Wed, 05 Mar 1986 00:00:00 +0530 Mon, 08 Feb 2010 12:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26730 The High Court held that the penalty under section 273A of the Income-tax Act could be waived if the specified conditions were met, without excluding previous assesses. Emphasizing strict construction of taxing statutes, the court found the Commissioner's rejection of the application based on irrelevant considerations unsustainable. The court allowed the petition, quashed the order, and directed reconsideration of the application under section 273A, focusing on the relevant conditions. No costs were awarded, indicating a favorable outcome for the petitioner seeking the penalty waiver. Case-Laws Income Tax Wed, 05 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26730