https://www.taxtmi.com/caselaws?id=378731 The High Court upheld the Principal Commissioner's decision regarding the calculation of interest and rejection of the waiver application under the Income Tax Act, 1961. The Court emphasized the necessity of meeting statutory conditions for waiver of interest and the requirement of genuine hardship to justify such relief. The writ petition challenging the order was dismissed, highlighting the importance of a judicious exercise of discretion in granting waivers and the need for compliance with specified conditions. en-us Wed, 10 Apr 2019 00:00:00 +0530 Fri, 19 Apr 2019 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378731 The High Court upheld the Principal Commissioner's decision regarding the calculation of interest and rejection of the waiver application under the Income Tax Act, 1961. The Court emphasized the necessity of meeting statutory conditions for waiver of interest and the requirement of genuine hardship to justify such relief. The writ petition challenging the order was dismissed, highlighting the importance of a judicious exercise of discretion in granting waivers and the need for compliance with specified conditions. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378731