Court quashes Commissioner's order denying relief on interest amount; instructs reassessment.

The court quashed the Commissioner's order under s. 273A for the assessment year 1974-75 due to lack of reasons for denying relief on total interest amount. The Commissioner was instructed to reassess the waiver claim in compliance with the law.

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The petitioner challenged the Commissioner's order under s. 273A regarding interest for the assessment year 1974-75. The court quashed the order as reasons were not recorded for refusing relief for the total interest amount. The Commissioner was directed to reconsider the waiver claim in accordance with the law. (Case Citation: 1981 (12) TMI 11 - ALLAHABAD High Court)

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