Waiver of Penalty & Interest u/s 273A ::

Last updated: 07 September 2007

Court :
HC

Brief :
Held by hon"ble court that it is clear from reading section 273A(3) that commissioner can once grant relief with regard to any number of assessment years. But once relief is granted under this section, the commissioner cannot grant any relief for any other assessment years.

Citation :
Sukhdev Hargopal Puri Vs. Union of India & Others

Waiver of Penalty & Interest u/s 273A Sukhdev Hargopal Puri Vs. Union of India & Others 7/26/2005 (2005) 279 ITR 591 (Bom) Case Fact: Whether Commssioner has power to grant waiver of interest and penalty for more than one A.Y. u/s 273A. Decision: Held by hon"ble court that it is clear from reading section 273A(3) that commissioner can once grant relief with regard to any number of assessment years. But once relief is granted under this section, the commissioner cannot grant any relief for any other assessment years.