https://www.taxtmi.com/article/detailed?id=1751 Waiver of interest requires the authority to be satisfied that payment would cause genuine hardship, the default was due to circumstances beyond the assessee's control, and the assessee cooperated; the discretionary power to reduce or waive interest must be exercised judiciously with reasons addressing those statutory predicates, and both paid and unpaid interest are relevant to the consideration of relief. en-us Wed, 30 May 2012 22:45:38 +0530 Wed, 30 May 2012 22:45:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1751 Waiver of interest requires the authority to be satisfied that payment would cause genuine hardship, the default was due to circumstances beyond the assessee's control, and the assessee cooperated; the discretionary power to reduce or waive interest must be exercised judiciously with reasons addressing those statutory predicates, and both paid and unpaid interest are relevant to the consideration of relief. Articles Income Tax Wed, 30 May 2012 22:45:38 +0530 https://www.taxtmi.com/article/detailed?id=1751