https://www.taxtmi.com/caselaws?id=33941 The court set aside the interest levied under Sections 234B and 234C of the IT Act for assessment years 1991-92 and 1992-93. The petitioner, a minor during the relevant years, filed returns voluntarily but faced interest charges. The court found the petitioner's reasons for non-payment genuine due to family circumstances and voluntary tax payments. Emphasizing the discretionary nature of waiver, the court ruled in favor of the petitioner, declaring them not liable for interest but denying a refund. The respondent's failure to consider circumstances and exercise discretion led to the judgment in favor of the petitioner. en-us Tue, 09 Jun 2009 00:00:00 +0530 Fri, 29 Jan 2010 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33941 The court set aside the interest levied under Sections 234B and 234C of the IT Act for assessment years 1991-92 and 1992-93. The petitioner, a minor during the relevant years, filed returns voluntarily but faced interest charges. The court found the petitioner's reasons for non-payment genuine due to family circumstances and voluntary tax payments. Emphasizing the discretionary nature of waiver, the court ruled in favor of the petitioner, declaring them not liable for interest but denying a refund. The respondent's failure to consider circumstances and exercise discretion led to the judgment in favor of the petitioner. Case-Laws Income Tax Tue, 09 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33941