https://www.taxtmi.com/caselaws?id=221023 The court upheld the Commissioner's decision to grant a 50% waiver of interest under Section 220(2A) of the Income Tax Act, finding no illegality in the partial relief provided. It was determined that the Commissioner appropriately exercised discretionary power based on the petitioner's circumstances, including genuine hardship, assets, and income. Additionally, the court directed the petitioner to pay the remaining interest in five equal monthly instalments, emphasizing the consequences of default. en-us Thu, 19 Jan 2012 00:00:00 +0530 Tue, 19 Feb 2013 08:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221023 The court upheld the Commissioner's decision to grant a 50% waiver of interest under Section 220(2A) of the Income Tax Act, finding no illegality in the partial relief provided. It was determined that the Commissioner appropriately exercised discretionary power based on the petitioner's circumstances, including genuine hardship, assets, and income. Additionally, the court directed the petitioner to pay the remaining interest in five equal monthly instalments, emphasizing the consequences of default. Case-Laws Income Tax Thu, 19 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221023