https://www.taxtmi.com/caselaws?id=63647 The appeal was allowed, and the interest under section 139(8) was ordered to be completely waived in favor of the assessee. The Tribunal found that the cancellation of penalty for late filing indicated a sufficient cause for the delay, allowing for the reduction or waiver of interest under section 139(8), despite the absence of a formal request for interest waiver. The ITO had the authority to reduce or waive interest under circumstances specified in rule 117A, leading to a decision in favor of the assessee. en-us Mon, 17 Oct 1983 00:00:00 +0530 Tue, 01 Feb 2011 12:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63647 The appeal was allowed, and the interest under section 139(8) was ordered to be completely waived in favor of the assessee. The Tribunal found that the cancellation of penalty for late filing indicated a sufficient cause for the delay, allowing for the reduction or waiver of interest under section 139(8), despite the absence of a formal request for interest waiver. The ITO had the authority to reduce or waive interest under circumstances specified in rule 117A, leading to a decision in favor of the assessee. Case-Laws Income Tax Mon, 17 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63647