https://www.taxtmi.com/caselaws?id=14540 The court upheld the Commissioner's decision to deny the waiver of interest under section 220(2A) of the Income-tax Act, 1961, as no undue hardship was found at the time of assessment. Emphasizing the need to consider hardship at the relevant time and interpret statutory conditions for relief, the judgment clarified that waiver should only be granted in cases of genuine hardship, not to increase the assessee's wealth. The court ruled that past hardships do not justify relief if no hardship exists at the time of seeking waiver, supporting the Commissioner's decision based on the lack of hardship during the assessment period. en-us Fri, 13 Nov 1998 00:00:00 +0530 Fri, 17 Jul 2009 11:03:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14540 The court upheld the Commissioner's decision to deny the waiver of interest under section 220(2A) of the Income-tax Act, 1961, as no undue hardship was found at the time of assessment. Emphasizing the need to consider hardship at the relevant time and interpret statutory conditions for relief, the judgment clarified that waiver should only be granted in cases of genuine hardship, not to increase the assessee's wealth. The court ruled that past hardships do not justify relief if no hardship exists at the time of seeking waiver, supporting the Commissioner's decision based on the lack of hardship during the assessment period. Case-Laws Income Tax Fri, 13 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14540