1986 (3) TMI 76

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.... the order dated March 31, 1979, passed by the Commissioner of Incometax, Jalandhar, the respondent, through the present writ petition. The facts, in brief, are that the petitioner moved an application for waiver of penalty under section 273A of the Income-tax Act, 1961 (hereinafter called " the Act "), and the interest charged under sections 139(8) and 217 of the Act from him for the assessmen....

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....le income for the past many years and was accordingly taxed. The respondent thus concluded that his claim that the return of income for the assessment year 1972-73 was filed voluntarily, even though it had been filed without the issuance of a notice under section 139(2) of the Act, cannot be accepted. It was observed that the condition for being entitled to the benefit under section 273A of the Ac....

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.... Income-tax under section 273A of the Act if he is satisfied that such a person has in a case referred to in clause (i) has voluntarily and in good faith made a full disclosure of his income prior to the issuance of notice to him under section 139(2) and that he co-operates in an enquiry relating to the assessment of such income and has either paid or made satisfactory arrangement for the payment ....