https://www.taxtmi.com/caselaws?id=20092 The court set aside the Board's decision to refuse approval for waiver, directing the Board to allow the firm to be heard on the penalty imposition under section 271(1)(iii). The Commissioner was instructed to waive penalties under sections 271(1)(i) and 273, as well as interest under sections 139(8) and 215, for certain assessment years. The court emphasized the necessity of providing reasons for decisions and the requirement for a hearing before making determinations. The interim order would remain in effect until final resolutions were reached. en-us Mon, 31 May 1993 00:00:00 +0530 Wed, 11 Nov 2009 16:18:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20092 The court set aside the Board's decision to refuse approval for waiver, directing the Board to allow the firm to be heard on the penalty imposition under section 271(1)(iii). The Commissioner was instructed to waive penalties under sections 271(1)(i) and 273, as well as interest under sections 139(8) and 215, for certain assessment years. The court emphasized the necessity of providing reasons for decisions and the requirement for a hearing before making determinations. The interim order would remain in effect until final resolutions were reached. Case-Laws Income Tax Mon, 31 May 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20092