https://www.taxtmi.com/caselaws?id=30778 The Court held that the Commissioner was unjustified in rejecting the waiver application based on unsatisfactory tax payment arrangements. The impugned order was quashed, and the petitioner was held entitled to waiver of interest/penalty as claimed in the application. During the pendency of the petition, interest/penalty recovery was stayed. The petitioner paid interest levied for certain years, and as the Revenue could not appropriate the amount due to the stay, the petitioner was entitled to a refund without interest. en-us Mon, 13 Aug 2007 00:00:00 +0530 Tue, 23 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30778 The Court held that the Commissioner was unjustified in rejecting the waiver application based on unsatisfactory tax payment arrangements. The impugned order was quashed, and the petitioner was held entitled to waiver of interest/penalty as claimed in the application. During the pendency of the petition, interest/penalty recovery was stayed. The petitioner paid interest levied for certain years, and as the Revenue could not appropriate the amount due to the stay, the petitioner was entitled to a refund without interest. Case-Laws Income Tax Mon, 13 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30778