https://www.taxtmi.com/caselaws?id=786914 Petitioner (a state-controlled cooperative) was held entitled to waiver of interest under Section 234B where non-payment of advance tax resulted from bona fide reliance on an unchallenged jurisdictional High Court decision while the legal position remained unsettled pending higher court resolution; administrative circulars permitting relief where a higher court or retrospective amendment alters the position applied; absence of mala fide intent and reliance on existing precedent were decisive, so orders rejecting waiver were set aside and relief granted. en-us Tue, 17 Feb 2026 00:00:00 +0530 Sat, 21 Feb 2026 09:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786914 Petitioner (a state-controlled cooperative) was held entitled to waiver of interest under Section 234B where non-payment of advance tax resulted from bona fide reliance on an unchallenged jurisdictional High Court decision while the legal position remained unsettled pending higher court resolution; administrative circulars permitting relief where a higher court or retrospective amendment alters the position applied; absence of mala fide intent and reliance on existing precedent were decisive, so orders rejecting waiver were set aside and relief granted. Case-Laws Income Tax Tue, 17 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786914