https://www.taxtmi.com/caselaws?id=14516 The court dismissed the writ petition challenging the Commissioner's decision on the waiver of interest under section 220(2A) of the Income-tax Act. The court held that the power to waive interest was granted only from October 1, 1984, and not retrospectively. It emphasized that substantive powers should not be applied retrospectively unless explicitly provided for. The court upheld the Commissioner's discretion in limiting the waiver to 50% and rejected the petitioner's argument for full waiver, stating that the Commissioner's decision was lawful and should not be interfered with through the writ petition. en-us Fri, 27 Nov 1998 00:00:00 +0530 Thu, 16 Jul 2009 13:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14516 The court dismissed the writ petition challenging the Commissioner's decision on the waiver of interest under section 220(2A) of the Income-tax Act. The court held that the power to waive interest was granted only from October 1, 1984, and not retrospectively. It emphasized that substantive powers should not be applied retrospectively unless explicitly provided for. The court upheld the Commissioner's discretion in limiting the waiver to 50% and rejected the petitioner's argument for full waiver, stating that the Commissioner's decision was lawful and should not be interfered with through the writ petition. Case-Laws Income Tax Fri, 27 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14516