https://www.taxtmi.com/caselaws?id=33289 The High Court allowed the writ petitions, quashing the orders refusing waiver of interest. The court held that if the reasons for delay in filing income tax returns were deemed sufficient for waiving the penalty, they should also warrant waiver of interest under Sections 139(8) and 217 of the Income-tax Act. The Commissioner was found unjustified in refusing the waiver of interest, and the petitioners were entitled to a refund of any deposited interest amount without additional interest. The judgment emphasized the importance of consistent application of waiver conditions for penalty and interest to ensure fairness and adherence to legal provisions. en-us Mon, 20 Apr 2009 00:00:00 +0530 Fri, 26 Mar 2010 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33289 The High Court allowed the writ petitions, quashing the orders refusing waiver of interest. The court held that if the reasons for delay in filing income tax returns were deemed sufficient for waiving the penalty, they should also warrant waiver of interest under Sections 139(8) and 217 of the Income-tax Act. The Commissioner was found unjustified in refusing the waiver of interest, and the petitioners were entitled to a refund of any deposited interest amount without additional interest. The judgment emphasized the importance of consistent application of waiver conditions for penalty and interest to ensure fairness and adherence to legal provisions. Case-Laws Income Tax Mon, 20 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33289