https://www.taxtmi.com/caselaws?id=17767 The court directed the authorities to reassess the petitioners' entitlement to a complete waiver of interest under section 215 of the Income-tax Act. While upholding the 50% reduction initially granted, the court emphasized the need for a more thorough evaluation. The original petitions were allowed, granting relief to the petitioners and requiring a fresh consideration of the interest waiver, highlighting the importance of proper exercise of discretion by authorities in such matters. en-us Fri, 14 Jun 1996 00:00:00 +0530 Thu, 24 Sep 2009 16:28:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17767 The court directed the authorities to reassess the petitioners' entitlement to a complete waiver of interest under section 215 of the Income-tax Act. While upholding the 50% reduction initially granted, the court emphasized the need for a more thorough evaluation. The original petitions were allowed, granting relief to the petitioners and requiring a fresh consideration of the interest waiver, highlighting the importance of proper exercise of discretion by authorities in such matters. Case-Laws Income Tax Fri, 14 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17767