https://www.taxtmi.com/caselaws?id=201460 The High Court held that the appellant failed to demonstrate circumstances warranting a reduction or waiver of interest under Sections 139(8) & 215, as the jurisdictional fact attracting the levy was not disputed. The court emphasized the onus on the assessee to show reasons for reducing or waiving interest and ruled in favor of the revenue, rendering the appeal against the interest levy not maintainable. Consequently, the High Court disposed of the reference, directing the judgment copy to be sent to the Income Tax Appellate Tribunal, Chandigarh Bench. en-us Tue, 17 Nov 2009 00:00:00 +0530 Sun, 09 Jan 2011 19:49:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201460 The High Court held that the appellant failed to demonstrate circumstances warranting a reduction or waiver of interest under Sections 139(8) & 215, as the jurisdictional fact attracting the levy was not disputed. The court emphasized the onus on the assessee to show reasons for reducing or waiving interest and ruled in favor of the revenue, rendering the appeal against the interest levy not maintainable. Consequently, the High Court disposed of the reference, directing the judgment copy to be sent to the Income Tax Appellate Tribunal, Chandigarh Bench. Case-Laws Income Tax Tue, 17 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201460