https://www.taxtmi.com/caselaws?id=15448 The court allowed the writ petition, directing the Commissioner to review the matter afresh, considering the genuine hardship faced by the Government company in the delayed refund processing and the payment made to satisfy the demand under the Income-tax Act. The judgment clarified the conditions for waiver/reduction of interest under sections 215 and 220(2), emphasizing timely refund processing for the taxpayer's financial benefit. The petitioner was also granted the option to utilize the Kar Vivad Samadhan Scheme, 1998, for resolving tax disputes, with the entitlement to adjust payments made under the interim order while availing of the scheme. en-us Fri, 04 Sep 1998 00:00:00 +0530 Thu, 06 Aug 2009 16:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15448 The court allowed the writ petition, directing the Commissioner to review the matter afresh, considering the genuine hardship faced by the Government company in the delayed refund processing and the payment made to satisfy the demand under the Income-tax Act. The judgment clarified the conditions for waiver/reduction of interest under sections 215 and 220(2), emphasizing timely refund processing for the taxpayer's financial benefit. The petitioner was also granted the option to utilize the Kar Vivad Samadhan Scheme, 1998, for resolving tax disputes, with the entitlement to adjust payments made under the interim order while availing of the scheme. Case-Laws Income Tax Fri, 04 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15448