1986 (12) TMI 9

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....petition under article 226 of the Constitution has prayed for a number of reliefs. One of them is for setting aside the order of the Commissioner of Income-tax dated September 19, 1985, by which penalty was reduced or waived by 50% under section 273A(4) of the Income-tax Act, 1961. Section 273A(4) of the Income-tax Act confers discretion on the Commissioner to reduce or waive the amount of any pe....

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....ith law. We could not be convinced that the total reduction or waiver was wrongly rejected on extraneous considerations and we are unable to quash the same. Sri S. N. Verma, learned counsel for the petitioners, urged with particular reference to section 273A(4) that the criminal complaint filed against petitioners Nos. 2 and 3 be quashed. We are unable to find any ground for doing so in the prese....