https://www.taxtmi.com/caselaws?id=19577 The court allowed the petition, quashed the impugned orders, and directed respondent No. 2 to reconsider the revision application, taking into account the criteria laid down in rule 40 of the Rules. The Wealth-tax Officer was also directed to review the petitioner's application afresh, ensuring compliance with the relevant rules. The judgment emphasized the importance of providing reasons and following the rules in decisions related to the waiver of interest, ensuring a fair and reasoned outcome. en-us Thu, 21 Jul 1994 00:00:00 +0530 Sat, 07 Nov 2009 11:29:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19577 The court allowed the petition, quashed the impugned orders, and directed respondent No. 2 to reconsider the revision application, taking into account the criteria laid down in rule 40 of the Rules. The Wealth-tax Officer was also directed to review the petitioner's application afresh, ensuring compliance with the relevant rules. The judgment emphasized the importance of providing reasons and following the rules in decisions related to the waiver of interest, ensuring a fair and reasoned outcome. Case-Laws Income Tax Thu, 21 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19577