https://www.taxtmi.com/caselaws?id=233475 When the statutory conditions for waiver of interest were found satisfied, the competent authority was required to exercise discretion on relevant reasons and could not restrict relief without explaining the basis for doing so. The record showed that the assessee's business had virtually closed, he was heavily indebted, the default arose from circumstances beyond his control, and he had cooperated in assessment proceedings. In the absence of any reason for limiting relief to 50%, the partial refusal of full waiver was unsustainable. The order was quashed to the extent it denied complete relief, and full waiver of interest was granted. en-us Mon, 29 Apr 2013 00:00:00 +0530 Thu, 02 May 2013 10:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233475 When the statutory conditions for waiver of interest were found satisfied, the competent authority was required to exercise discretion on relevant reasons and could not restrict relief without explaining the basis for doing so. The record showed that the assessee's business had virtually closed, he was heavily indebted, the default arose from circumstances beyond his control, and he had cooperated in assessment proceedings. In the absence of any reason for limiting relief to 50%, the partial refusal of full waiver was unsustainable. The order was quashed to the extent it denied complete relief, and full waiver of interest was granted. Case-Laws Wealth-tax Mon, 29 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233475