https://www.taxtmi.com/caselaws?id=11260 The court upheld the Chief Commissioner's order regarding the waiver of interest under section 234B of the Income-tax Act, emphasizing the reasonableness of waiving interest up to April 30, 1999. The court also affirmed the applicability of Supreme Court judgments on deductions, leading to the rejection of the petitioner's plea for a complete waiver of interest. The court highlighted the statutory obligation to pay interest post the judgment date and the power of waiver under Section 119(2)(a) of the Income-tax Act. The petitioner's request for a complete waiver was dismissed, and the Chief Commissioner's decision was upheld without costs. en-us Mon, 01 Dec 2003 00:00:00 +0530 Mon, 03 Aug 2009 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11260 The court upheld the Chief Commissioner's order regarding the waiver of interest under section 234B of the Income-tax Act, emphasizing the reasonableness of waiving interest up to April 30, 1999. The court also affirmed the applicability of Supreme Court judgments on deductions, leading to the rejection of the petitioner's plea for a complete waiver of interest. The court highlighted the statutory obligation to pay interest post the judgment date and the power of waiver under Section 119(2)(a) of the Income-tax Act. The petitioner's request for a complete waiver was dismissed, and the Chief Commissioner's decision was upheld without costs. Case-Laws Income Tax Mon, 01 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11260