https://www.taxtmi.com/caselaws?id=328552 The Court upheld the rejection of the petitioner's application seeking waiver of interest under Section 264 of the Income Tax Act. Despite arguments regarding the absence of a time limit for filing such applications and the deletion of a penalty as a fresh cause of action, the Court found the petitioner failed to adequately explain the significant delays in filing subsequent applications. The Court emphasized the lack of satisfactory justification for the prolonged delays, ultimately dismissing the writ petition and application without costs. en-us Tue, 17 May 2016 00:00:00 +0530 Tue, 07 Jun 2016 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328552 The Court upheld the rejection of the petitioner's application seeking waiver of interest under Section 264 of the Income Tax Act. Despite arguments regarding the absence of a time limit for filing such applications and the deletion of a penalty as a fresh cause of action, the Court found the petitioner failed to adequately explain the significant delays in filing subsequent applications. The Court emphasized the lack of satisfactory justification for the prolonged delays, ultimately dismissing the writ petition and application without costs. Case-Laws Income Tax Tue, 17 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328552