https://www.taxtmi.com/caselaws?id=15060 The High Court allowed the writ petition, quashing the order denying waiver of interest and penalty for the assessment year 1988-89 under section 273A of the Income-tax Act, 1961. The court directed the Commissioner to reconsider the waiver request, emphasizing the need for a reasonable and fair exercise of discretion, especially when grounds for waiver are the same across multiple assessment years. The decision highlighted the importance of transparency in the Commissioner's decision-making process and the requirement to provide reasons for rejecting waiver requests. en-us Fri, 18 Feb 2000 00:00:00 +0530 Thu, 30 Jul 2009 13:43:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15060 The High Court allowed the writ petition, quashing the order denying waiver of interest and penalty for the assessment year 1988-89 under section 273A of the Income-tax Act, 1961. The court directed the Commissioner to reconsider the waiver request, emphasizing the need for a reasonable and fair exercise of discretion, especially when grounds for waiver are the same across multiple assessment years. The decision highlighted the importance of transparency in the Commissioner's decision-making process and the requirement to provide reasons for rejecting waiver requests. Case-Laws Income Tax Fri, 18 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15060