https://www.taxtmi.com/caselaws?id=212424 The court upheld the Commissioner's decision to deny interest waiver under Section 220(2A) of the Income Tax Act. The petitioner failed to demonstrate genuine hardship, lack of default, and cooperation in the assessment process, as required by the provision. The court found that the petitioner's claim of hardship was not adequately supported by evidence, and the balance sheets presented did not prove continuous business losses. Additionally, the petitioner's property acquisitions during loss-making years and the detection of income suppression undermined the waiver request. The writ petition was dismissed without costs. en-us Wed, 30 Nov 2011 00:00:00 +0530 Sun, 15 Apr 2012 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212424 The court upheld the Commissioner's decision to deny interest waiver under Section 220(2A) of the Income Tax Act. The petitioner failed to demonstrate genuine hardship, lack of default, and cooperation in the assessment process, as required by the provision. The court found that the petitioner's claim of hardship was not adequately supported by evidence, and the balance sheets presented did not prove continuous business losses. Additionally, the petitioner's property acquisitions during loss-making years and the detection of income suppression undermined the waiver request. The writ petition was dismissed without costs. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212424