https://www.taxtmi.com/caselaws?id=49470 The retrospective fifth proviso to section 18A(6) empowered the Income-tax Officer to reduce or waive interest in prescribed cases, and that discretion was not limited to assessments made after 1 April 1952. The provision applied to assessments that had been completed earlier but remained subject to modification in appellate proceedings, where the assessment liability and related interest could still be adjusted. On that basis, the officer could consider relief even after the original assessment had been made, provided the case fell within the prescribed circumstances. The proviso was therefore treated as applicable to pending or subsequently modified assessments. en-us Wed, 17 Jan 1962 00:00:00 +0530 Thu, 28 Aug 2014 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49470 The retrospective fifth proviso to section 18A(6) empowered the Income-tax Officer to reduce or waive interest in prescribed cases, and that discretion was not limited to assessments made after 1 April 1952. The provision applied to assessments that had been completed earlier but remained subject to modification in appellate proceedings, where the assessment liability and related interest could still be adjusted. On that basis, the officer could consider relief even after the original assessment had been made, provided the case fell within the prescribed circumstances. The proviso was therefore treated as applicable to pending or subsequently modified assessments. Case-Laws Income Tax Wed, 17 Jan 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49470