https://www.taxtmi.com/caselaws?id=16270 The court quashed the order for interest under section 220(2) of the Income-tax Act, 1961 for the assessment year 1971-72. The petitioner, a partner in a firm, sought waiver of the interest due to financial difficulties and cooperation with tax authorities. The court found discrepancies in the rejection of the waiver petitions, emphasizing the importance of providing reasons for administrative decisions. It directed the first respondent to reconsider the waiver requests, highlighting the need for fair consideration and transparency in exercising discretionary powers. The writ petition was allowed, and the matter was remitted for a fresh decision. en-us Fri, 19 Sep 1997 00:00:00 +0530 Mon, 03 May 2010 00:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16270 The court quashed the order for interest under section 220(2) of the Income-tax Act, 1961 for the assessment year 1971-72. The petitioner, a partner in a firm, sought waiver of the interest due to financial difficulties and cooperation with tax authorities. The court found discrepancies in the rejection of the waiver petitions, emphasizing the importance of providing reasons for administrative decisions. It directed the first respondent to reconsider the waiver requests, highlighting the need for fair consideration and transparency in exercising discretionary powers. The writ petition was allowed, and the matter was remitted for a fresh decision. Case-Laws Income Tax Fri, 19 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16270