https://www.taxtmi.com/caselaws?id=17972 Discretionary waiver of penalty and interest under section 273A of the Income-tax Act and section 18B of the Wealth-tax Act must be supported by recorded reasons when relief is granted only in part. Where the assessee had filed voluntary returns before notice and the statutory conditions for relief were accepted, the Commissioner could not restrict the waiver to 50 per cent without explaining that limitation. An unreasoned partial grant is unsustainable and liable to be set aside for reconsideration on merits. en-us Wed, 18 Dec 1996 00:00:00 +0530 Sat, 26 Sep 2009 10:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17972 Discretionary waiver of penalty and interest under section 273A of the Income-tax Act and section 18B of the Wealth-tax Act must be supported by recorded reasons when relief is granted only in part. Where the assessee had filed voluntary returns before notice and the statutory conditions for relief were accepted, the Commissioner could not restrict the waiver to 50 per cent without explaining that limitation. An unreasoned partial grant is unsustainable and liable to be set aside for reconsideration on merits. Case-Laws Income Tax Wed, 18 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17972