https://www.taxtmi.com/caselaws?id=16160 The court dismissed the petition seeking to quash interest levied for delayed tax payment under the Wealth-tax Act, 1957. The judgment highlighted the lack of retrospective effect of the amendment and the petitioner's failure to meet the conditions for interest waiver under sub-section (2A) of section 31. Insufficient evidence of genuine hardship and incomplete disclosure of tax demands and payments since 1957 led to the dismissal. The court emphasized the necessity of providing complete and accurate information to support claims for interest waiver in tax-related issues. en-us Fri, 04 Sep 1998 00:00:00 +0530 Tue, 01 Sep 2009 14:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16160 The court dismissed the petition seeking to quash interest levied for delayed tax payment under the Wealth-tax Act, 1957. The judgment highlighted the lack of retrospective effect of the amendment and the petitioner's failure to meet the conditions for interest waiver under sub-section (2A) of section 31. Insufficient evidence of genuine hardship and incomplete disclosure of tax demands and payments since 1957 led to the dismissal. The court emphasized the necessity of providing complete and accurate information to support claims for interest waiver in tax-related issues. Case-Laws Wealth-tax Fri, 04 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16160