https://www.taxtmi.com/caselaws?id=192216 The court upheld the Commissioner's decision to deny waiver of interest under Section 220(2) of the Income Tax Act, 1961, finding no genuine hardship despite the petitioner's arguments based on financial aspects and precedents. The court emphasized the statutory conditions for genuine hardship and concluded that the petitioner's financial position, association with a profitable conglomerate, and the proportion of interest paid did not meet the criteria for interest waiver. Consequently, the writ petition was dismissed without costs. en-us Tue, 17 May 2016 00:00:00 +0530 Sat, 20 May 2017 08:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192216 The court upheld the Commissioner's decision to deny waiver of interest under Section 220(2) of the Income Tax Act, 1961, finding no genuine hardship despite the petitioner's arguments based on financial aspects and precedents. The court emphasized the statutory conditions for genuine hardship and concluded that the petitioner's financial position, association with a profitable conglomerate, and the proportion of interest paid did not meet the criteria for interest waiver. Consequently, the writ petition was dismissed without costs. Case-Laws Income Tax Tue, 17 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192216