https://www.taxtmi.com/caselaws?id=13306 The court dismissed the writ petition seeking to quash an order by the Commissioner of Income-tax and grant full waiver of interest under section 220(2A) of the Income-tax Act, 1961. The court upheld the Commissioner's decision to retain Rs. 4,33,071 as interest, citing the petitioner's receipt of interest on delayed refund as indicative of liability towards interest on delayed tax payments. The court emphasized the Commissioner's discretion in reducing or waiving interest and found no legal infirmity in the decision, leading to the dismissal of the petition. en-us Wed, 04 Oct 2006 00:00:00 +0530 Thu, 28 May 2009 10:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13306 The court dismissed the writ petition seeking to quash an order by the Commissioner of Income-tax and grant full waiver of interest under section 220(2A) of the Income-tax Act, 1961. The court upheld the Commissioner's decision to retain Rs. 4,33,071 as interest, citing the petitioner's receipt of interest on delayed refund as indicative of liability towards interest on delayed tax payments. The court emphasized the Commissioner's discretion in reducing or waiving interest and found no legal infirmity in the decision, leading to the dismissal of the petition. Case-Laws Income Tax Wed, 04 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13306