https://www.taxtmi.com/caselaws?id=36239 Where an assessee not previously assessed failed to file an advance-tax estimate, interest could arise under section 18A, but Rule 48 empowered the Income-tax Officer to reduce or waive that interest when assessment was completed more than one year after the return and the delay was not attributable to the assessee. On the stated facts, the assessment was delayed for several years and the delay was not shown to be the assessee's fault, so the Income-tax Officer was treated as having waived the penal interest. The Commissioner could not revise the assessment under section 33B without a jurisdictional that the delay was attributable to the assessee, which was absent. en-us Thu, 18 Dec 1980 00:00:00 +0530 Sat, 20 Mar 2010 12:13:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36239 Where an assessee not previously assessed failed to file an advance-tax estimate, interest could arise under section 18A, but Rule 48 empowered the Income-tax Officer to reduce or waive that interest when assessment was completed more than one year after the return and the delay was not attributable to the assessee. On the stated facts, the assessment was delayed for several years and the delay was not shown to be the assessee's fault, so the Income-tax Officer was treated as having waived the penal interest. The Commissioner could not revise the assessment under section 33B without a jurisdictional that the delay was attributable to the assessee, which was absent. Case-Laws Income Tax Thu, 18 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36239