https://www.taxtmi.com/caselaws?id=10905 The High Court upheld the imposition of penalty under section 271(1)(c) of the Income-tax Act, 1961, confirming the legality of the penalty. Regarding the waiver of interest on the penalty under section 220(2A), the Court found the assessee did not meet the conditions for waiver and sustained the Commissioner's decision. However, the Court ruled that no interest could be charged for the period when the penalty order was set aside and before its revival. The Court quashed the demand for interest for that specific period but upheld interest liability for other periods, partially allowing the writ petition and directing each party to bear its own costs. en-us Fri, 14 May 2004 00:00:00 +0530 Mon, 27 Jul 2009 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10905 The High Court upheld the imposition of penalty under section 271(1)(c) of the Income-tax Act, 1961, confirming the legality of the penalty. Regarding the waiver of interest on the penalty under section 220(2A), the Court found the assessee did not meet the conditions for waiver and sustained the Commissioner's decision. However, the Court ruled that no interest could be charged for the period when the penalty order was set aside and before its revival. The Court quashed the demand for interest for that specific period but upheld interest liability for other periods, partially allowing the writ petition and directing each party to bear its own costs. Case-Laws Income Tax Fri, 14 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10905