https://www.taxtmi.com/caselaws?id=5633 The Supreme Court reviewed a case concerning the levy of interest on the appellant for tax default under section 220(2) of the Income-tax Act. The appellant's application for interest reduction or waiver under section 220(2A) was rejected by the Central Board of Direct Taxes without providing specific reasons. The High Court upheld the rejection, but the Supreme Court emphasized the need for quasi-judicial decisions to be supported by reasons. The Court ruled that while section 220(2A) does not explicitly require reasons, a speaking order is necessary for judicial review. The Court set aside previous orders, directing reconsideration of the application by the Chief Commissioner. en-us Thu, 22 Jan 1998 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5633 The Supreme Court reviewed a case concerning the levy of interest on the appellant for tax default under section 220(2) of the Income-tax Act. The appellant's application for interest reduction or waiver under section 220(2A) was rejected by the Central Board of Direct Taxes without providing specific reasons. The High Court upheld the rejection, but the Supreme Court emphasized the need for quasi-judicial decisions to be supported by reasons. The Court ruled that while section 220(2A) does not explicitly require reasons, a speaking order is necessary for judicial review. The Court set aside previous orders, directing reconsideration of the application by the Chief Commissioner. Case-Laws Income Tax Thu, 22 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5633