https://www.taxtmi.com/caselaws?id=17209 The court upheld the decision of the revisional authority to grant a 50% waiver of interest under section 139(8) of the Income-tax Act, 1961, for the assessment year 1986-87. The petitioner's plea for total waiver was dismissed, with the court emphasizing the importance of timely filing and the mandatory nature of audit reports under section 44AB. The reasons provided for the delay in filing the return were deemed insufficient to warrant further relief beyond the 50% waiver already granted by the revisional authority. en-us Mon, 16 Dec 1996 00:00:00 +0530 Tue, 15 Sep 2009 18:23:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17209 The court upheld the decision of the revisional authority to grant a 50% waiver of interest under section 139(8) of the Income-tax Act, 1961, for the assessment year 1986-87. The petitioner's plea for total waiver was dismissed, with the court emphasizing the importance of timely filing and the mandatory nature of audit reports under section 44AB. The reasons provided for the delay in filing the return were deemed insufficient to warrant further relief beyond the 50% waiver already granted by the revisional authority. Case-Laws Income Tax Mon, 16 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17209