https://www.taxtmi.com/caselaws?id=16523 The court quashed the demand notice for payment of interest under sections 217(1) and 139(8) of the Income-tax Act, 1961, as it was deemed illegal and without jurisdiction. Additionally, the court found that the tax authorities should have exercised their discretion to waive the interest under rules 40 and 117A of the Income-tax Rules, 1962. The petition was allowed, with no order as to costs. en-us Wed, 17 Sep 1997 00:00:00 +0530 Tue, 08 Sep 2009 13:03:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16523 The court quashed the demand notice for payment of interest under sections 217(1) and 139(8) of the Income-tax Act, 1961, as it was deemed illegal and without jurisdiction. Additionally, the court found that the tax authorities should have exercised their discretion to waive the interest under rules 40 and 117A of the Income-tax Rules, 1962. The petition was allowed, with no order as to costs. Case-Laws Income Tax Wed, 17 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16523