https://www.taxtmi.com/caselaws?id=379176 The High Court allowed the Assessee's writ appeal, setting aside the Chief Commissioner's order and remanding the case for reconsideration of the waiver application under Section 234-B of the Income Tax Act. The Court emphasized the need for a fair and objective exercise of discretion, considering the debatable nature of the issue and the Assessee's previous success up to the High Court. The Assessee's failure to pay advance tax was deemed reasonable and bona fide, warranting reconsideration for waiver of interest. en-us Wed, 27 Mar 2019 00:00:00 +0530 Mon, 29 Apr 2019 07:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379176 The High Court allowed the Assessee's writ appeal, setting aside the Chief Commissioner's order and remanding the case for reconsideration of the waiver application under Section 234-B of the Income Tax Act. The Court emphasized the need for a fair and objective exercise of discretion, considering the debatable nature of the issue and the Assessee's previous success up to the High Court. The Assessee's failure to pay advance tax was deemed reasonable and bona fide, warranting reconsideration for waiver of interest. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379176