https://www.taxtmi.com/caselaws?id=193026 Interest under section 18A(6) was treated as a statutory, compensatory liability chargeable to the Hindu undivided family itself, so the death of the karta who filed the advance-tax estimate did not extinguish the demand or attract section 24B. The proviso to section 18A(6) read with rule 48 conferred a discretionary power to reduce or waive interest, and that discretion was not confined to the period before assessment. Failure to genuinely consider the relevant circumstances and exercise that discretion could vitiate the levy, leaving the matter for fresh consideration by the Income-tax Officer. en-us Mon, 13 Aug 1956 00:00:00 +0530 Sat, 08 Jul 2017 18:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193026 Interest under section 18A(6) was treated as a statutory, compensatory liability chargeable to the Hindu undivided family itself, so the death of the karta who filed the advance-tax estimate did not extinguish the demand or attract section 24B. The proviso to section 18A(6) read with rule 48 conferred a discretionary power to reduce or waive interest, and that discretion was not confined to the period before assessment. Failure to genuinely consider the relevant circumstances and exercise that discretion could vitiate the levy, leaving the matter for fresh consideration by the Income-tax Officer. Case-Laws Income Tax Mon, 13 Aug 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193026