https://www.taxtmi.com/caselaws?id=211111 The Delhi High Court granted a 30% waiver of interest under Section 234A of the Income Tax Act for the assessment years 1993-94 and 1994-95. The court modified the Chief Commissioner's consolidated order, emphasizing the need to address delays in filing returns and the casual approach of the petitioner. Despite acknowledging efforts in obtaining seized materials, the court deemed the delays as indicative of negligence. The decision aimed to balance the circumstances while ensuring timely justice, leading to the partial waiver of interest and disposal of the writ petitions. en-us Tue, 07 Feb 2012 00:00:00 +0530 Sat, 21 Apr 2012 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211111 The Delhi High Court granted a 30% waiver of interest under Section 234A of the Income Tax Act for the assessment years 1993-94 and 1994-95. The court modified the Chief Commissioner's consolidated order, emphasizing the need to address delays in filing returns and the casual approach of the petitioner. Despite acknowledging efforts in obtaining seized materials, the court deemed the delays as indicative of negligence. The decision aimed to balance the circumstances while ensuring timely justice, leading to the partial waiver of interest and disposal of the writ petitions. Case-Laws Income Tax Tue, 07 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211111