Dismissing the petition the Court held that , the assessee has failed to produce any evidence / document to show that it was called genuine hardship financially or in any mannerwas not furnished .Accordingly the rejection of waiver application was held to be justified
Dayaram Khandelwal v. CIT (2018)405 ITR 569/ 165 DTR 425/302 CTR 441 (MP) (HC)
S. 273A : Penalty – Commissioner – Power to reduce or waive -Suspicious Long term capital gains- Levy of penalty is held to be justified. Failure to produce any evidence / document to show that it was called genuine hardship financially or in any manner was not furnished – Rejection of waiver application was held to be justified [ S.10(38), 45 , 271(1)(c)]