https://www.taxtmi.com/caselaws?id=29176 The court quashed the Commissioner of Income-tax's decision to refuse the application for waiving penalties under section 273A of the Income-tax Act by M/s. Radhey Shyam Chandrika Prasad. The court found that the Commissioner did not properly assess whether the excess assessed income constituted concealed income or inaccurately furnished particulars. The case was remanded for a fresh decision, emphasizing the necessity for a full and true disclosure of income in good faith for the waiver of penalties under section 273A. en-us Mon, 10 Sep 1979 00:00:00 +0530 Thu, 11 Mar 2010 12:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29176 The court quashed the Commissioner of Income-tax's decision to refuse the application for waiving penalties under section 273A of the Income-tax Act by M/s. Radhey Shyam Chandrika Prasad. The court found that the Commissioner did not properly assess whether the excess assessed income constituted concealed income or inaccurately furnished particulars. The case was remanded for a fresh decision, emphasizing the necessity for a full and true disclosure of income in good faith for the waiver of penalties under section 273A. Case-Laws Income Tax Mon, 10 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29176