https://www.taxtmi.com/caselaws?id=16720 The court remanded the case to the Commissioner for reconsideration of the petitioner's request for waiver of interest under rule 40(5) of the Income-tax Rules. The court found that the circumstances warranted further examination and that the Commissioner should have exercised discretion under the mentioned rule. The previous order was quashed, and the matter was sent back for a fresh decision, with no costs awarded. en-us Fri, 01 Aug 1997 00:00:00 +0530 Wed, 09 Sep 2009 16:35:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16720 The court remanded the case to the Commissioner for reconsideration of the petitioner's request for waiver of interest under rule 40(5) of the Income-tax Rules. The court found that the circumstances warranted further examination and that the Commissioner should have exercised discretion under the mentioned rule. The previous order was quashed, and the matter was sent back for a fresh decision, with no costs awarded. Case-Laws Income Tax Fri, 01 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16720