https://www.taxtmi.com/caselaws?id=19781 The court allowed the writ petitions, quashing the impugned orders and remanding the matter to the Commissioner of Income-tax for passing reasoned orders for the assessment years 1975-76 and 1976-77. The court emphasized the necessity of providing reasons for any decision to partially waive penalties and interest, ensuring that such discretion is exercised judiciously and transparently. Each party was directed to bear its own costs. en-us Thu, 04 Nov 1993 00:00:00 +0530 Mon, 09 Nov 2009 16:53:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19781 The court allowed the writ petitions, quashing the impugned orders and remanding the matter to the Commissioner of Income-tax for passing reasoned orders for the assessment years 1975-76 and 1976-77. The court emphasized the necessity of providing reasons for any decision to partially waive penalties and interest, ensuring that such discretion is exercised judiciously and transparently. Each party was directed to bear its own costs. Case-Laws Income Tax Thu, 04 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19781