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

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.

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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