https://www.taxtmi.com/caselaws?id=207460 The court upheld the imposition and demand of interest under section 158BFA(1) as mandatory, ruling that the Settlement Commission lacked jurisdiction to waive it. Consequential orders demanding interest were deemed valid, with the court emphasizing the obligatory nature of interest payment indicated by the term "shall" in the statute. The court dismissed the writ petition, affirming the statutory requirement of interest payment and rejecting the petitioner's arguments for discretionary interpretation. en-us Wed, 19 May 2010 00:00:00 +0530 Mon, 26 Mar 2012 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207460 The court upheld the imposition and demand of interest under section 158BFA(1) as mandatory, ruling that the Settlement Commission lacked jurisdiction to waive it. Consequential orders demanding interest were deemed valid, with the court emphasizing the obligatory nature of interest payment indicated by the term "shall" in the statute. The court dismissed the writ petition, affirming the statutory requirement of interest payment and rejecting the petitioner's arguments for discretionary interpretation. Case-Laws Income Tax Wed, 19 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207460