https://www.taxtmi.com/caselaws?id=36762 The High Court upheld the Commissioner's decision to deny waiver or reduction of penalty under s. 273A to an association of persons who filed returns after a search operation. The Court ruled that the returns were not voluntary as they were prompted by fear of penalties or prosecution, not a genuine desire for disclosure. Emphasizing the compulsion faced by the taxpayers, the Court held that filing returns to avoid adverse consequences does not meet the criteria of voluntary disclosure under the Income Tax Act. The writ petition was dismissed in favor of the tax department's decision. en-us Tue, 01 Jan 1980 00:00:00 +0530 Wed, 24 Mar 2010 13:17:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36762 The High Court upheld the Commissioner's decision to deny waiver or reduction of penalty under s. 273A to an association of persons who filed returns after a search operation. The Court ruled that the returns were not voluntary as they were prompted by fear of penalties or prosecution, not a genuine desire for disclosure. Emphasizing the compulsion faced by the taxpayers, the Court held that filing returns to avoid adverse consequences does not meet the criteria of voluntary disclosure under the Income Tax Act. The writ petition was dismissed in favor of the tax department's decision. Case-Laws Income Tax Tue, 01 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36762