https://www.taxtmi.com/caselaws?id=69609 The Tribunal upheld the Commissioner's jurisdiction to revise the order of waiver of interest, finding it erroneous and prejudicial to Revenue's interests. The Tribunal agreed that the waiver of interest was not justified, as the prescribed conditions were not met, and emphasized the Assessing Officer's authority to waive interest with the Dy. Commissioner's approval. It was clarified that the Dy. Commissioner's role is limited to considering circumstances for waiver and issuing directions. The Tribunal stressed the need for speaking orders and adherence to norms in waiving interest. The Tribunal dismissed the appeals, upholding the Commissioner's order to reconsider the waiver of interest for the relevant assessment years. en-us Fri, 27 Aug 1999 00:00:00 +0530 Mon, 11 Apr 2011 10:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69609 The Tribunal upheld the Commissioner's jurisdiction to revise the order of waiver of interest, finding it erroneous and prejudicial to Revenue's interests. The Tribunal agreed that the waiver of interest was not justified, as the prescribed conditions were not met, and emphasized the Assessing Officer's authority to waive interest with the Dy. Commissioner's approval. It was clarified that the Dy. Commissioner's role is limited to considering circumstances for waiver and issuing directions. The Tribunal stressed the need for speaking orders and adherence to norms in waiving interest. The Tribunal dismissed the appeals, upholding the Commissioner's order to reconsider the waiver of interest for the relevant assessment years. Case-Laws Income Tax Fri, 27 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69609