https://www.taxtmi.com/caselaws?id=22665 The court upheld the Commissioner of Income-tax's decision to reduce penalty and interest by 50% for late filing of income tax returns, emphasizing the need for judicious exercise of discretion under section 273A. The court dismissed the writ petition, highlighting that interference should be avoided unless there is clear evidence of improper exercise of discretion. It was concluded that the Commissioner had considered relevant factors in reducing the penalty and interest, indicating a proper exercise of discretion. The judgment reaffirmed the importance of considering individual circumstances in exercising discretionary powers. en-us Tue, 07 May 1991 00:00:00 +0530 Sat, 12 Dec 2009 11:47:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22665 The court upheld the Commissioner of Income-tax's decision to reduce penalty and interest by 50% for late filing of income tax returns, emphasizing the need for judicious exercise of discretion under section 273A. The court dismissed the writ petition, highlighting that interference should be avoided unless there is clear evidence of improper exercise of discretion. It was concluded that the Commissioner had considered relevant factors in reducing the penalty and interest, indicating a proper exercise of discretion. The judgment reaffirmed the importance of considering individual circumstances in exercising discretionary powers. Case-Laws Income Tax Tue, 07 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22665