https://www.taxtmi.com/caselaws?id=205367 The High Court upheld the decision of the Commissioner of Income Tax, denying waiver of interest to the petitioner despite a voluntary surrender of income, citing that interest is a statutory liability and not covered under the circular allowing for waiver of penalty and prosecution. The court found no violation of the petitioner's rights and dismissed the petition challenging the order for waiver of interest under Section 264 of the Income Tax Act, 1961. en-us Thu, 03 Mar 2011 00:00:00 +0530 Tue, 31 May 2011 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205367 The High Court upheld the decision of the Commissioner of Income Tax, denying waiver of interest to the petitioner despite a voluntary surrender of income, citing that interest is a statutory liability and not covered under the circular allowing for waiver of penalty and prosecution. The court found no violation of the petitioner's rights and dismissed the petition challenging the order for waiver of interest under Section 264 of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 03 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205367