1986 (9) TMI 51

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....cation filed by the petitioner under section 273A of the Income-tax Act for waiving or reducing the amount of penalty imposed upon him. The petitioner was the assessee whose application has been rejected by the impugned order of the Commissioner on the ground that since the petitioner had not paid interest, the application was incompetent and was not maintainable. Section 273A did not entitle the....