https://www.taxtmi.com/caselaws?id=37957 The High Court held that the Income-tax Officer's decision not to charge interest under section 215 was erroneous and prejudicial to the revenue's interest. This gave jurisdiction to the Additional Commissioner under section 263 to direct the assessment of interest. The court emphasized that the discretion to waive interest must be explicitly stated in the order, as it is a quasi-judicial act requiring reasons to be provided. The court ruled in favor of the department and against the assessee on the issue of jurisdiction under section 263. en-us Tue, 18 Apr 1978 00:00:00 +0530 Fri, 02 Apr 2010 12:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37957 The High Court held that the Income-tax Officer's decision not to charge interest under section 215 was erroneous and prejudicial to the revenue's interest. This gave jurisdiction to the Additional Commissioner under section 263 to direct the assessment of interest. The court emphasized that the discretion to waive interest must be explicitly stated in the order, as it is a quasi-judicial act requiring reasons to be provided. The court ruled in favor of the department and against the assessee on the issue of jurisdiction under section 263. Case-Laws Income Tax Tue, 18 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37957