1993 (12) TMI 1 - SCH - Income Tax

Whether the Commissioner of Income-tax, in the facts and circumstances of the case, was justified in refusing to exercise his power under section 273A of the Act was a question which was required to be examined on the merits - case is remanded - order of HC is accordingly set aside

Summary

The Supreme Court granted special leave in an appeal against the High Court's order dismissing a writ petition regarding waiver of interest and penalty on voluntarily disclosed income. The Court set aside the High Court's order and remanded the case for a fresh decision on the merits.