https://www.taxtmi.com/caselaws?id=39782 The High Court allowed the petition, quashed the Commissioner's order, and directed a reevaluation of the petitioner's penalty waiver application. The judgment clarified the interpretation of full disclosure and good faith under section 18(2A), emphasizing honest disclosure of net wealth as the key factor for penalty waiver eligibility. en-us Wed, 05 Sep 1973 00:00:00 +0530 Tue, 20 Apr 2010 12:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39782 The High Court allowed the petition, quashed the Commissioner's order, and directed a reevaluation of the petitioner's penalty waiver application. The judgment clarified the interpretation of full disclosure and good faith under section 18(2A), emphasizing honest disclosure of net wealth as the key factor for penalty waiver eligibility. Case-Laws Wealth-tax Wed, 05 Sep 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39782