https://www.taxtmi.com/caselaws?id=12518 The High Court held that mere fulfillment of conditions precedent does not automatically entitle full waiver/reduction of interest under section 215 of the Income-tax Act, 1961. The court emphasized that the discretion of the Commissioner is activated based on conditions but is never abridged. The court rejected the notion that petitioners had an automatic right to waiver and highlighted the application of rule 40(5) of the Income-tax Rules to enhance the Deputy Commissioner's discretion for interest waiver. The court found no improper exercise of discretion by the Revenue authorities in granting only 50% waiver, dismissing the petitioners' claim for full waiver. en-us Wed, 03 Jul 2002 00:00:00 +0530 Tue, 19 May 2009 18:01:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12518 The High Court held that mere fulfillment of conditions precedent does not automatically entitle full waiver/reduction of interest under section 215 of the Income-tax Act, 1961. The court emphasized that the discretion of the Commissioner is activated based on conditions but is never abridged. The court rejected the notion that petitioners had an automatic right to waiver and highlighted the application of rule 40(5) of the Income-tax Rules to enhance the Deputy Commissioner's discretion for interest waiver. The court found no improper exercise of discretion by the Revenue authorities in granting only 50% waiver, dismissing the petitioners' claim for full waiver. Case-Laws Income Tax Wed, 03 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12518