1986 (12) TMI 9 - HC - Income Tax

Summary

The High Court of Allahabad dismissed a petition under Article 226 seeking to set aside the Commissioner of Income-tax's order reducing penalty by 50% under section 273A(4) of the Income-tax Act, 1961. The court found that the Commissioner had discretion to reduce or waive penalties based on genuine hardship and cooperation of the assessee. The court rejected a request to quash a criminal complaint and stated that investigation of facts was necessary. The writ petition was dismissed.