https://www.taxtmi.com/caselaws?id=60508 The Appellate Tribunal upheld the Commissioner (Appeals) decision to waive the interest charged under section 215 of the Income-tax Act, 1961. The Tribunal found that the ITO had not properly exercised discretion in levying the interest without giving the assessee an opportunity to explain, violating the rule of natural justice. It was clarified that while interest under section 215 may be automatic based on calculations, the ITO must still apply discretion and allow the assessee to provide input before imposing interest. The Tribunal emphasized the maintainability of appeals against interest charged under section 215 in specific circumstances. en-us Fri, 30 Aug 1985 00:00:00 +0530 Wed, 05 Jan 2011 16:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60508 The Appellate Tribunal upheld the Commissioner (Appeals) decision to waive the interest charged under section 215 of the Income-tax Act, 1961. The Tribunal found that the ITO had not properly exercised discretion in levying the interest without giving the assessee an opportunity to explain, violating the rule of natural justice. It was clarified that while interest under section 215 may be automatic based on calculations, the ITO must still apply discretion and allow the assessee to provide input before imposing interest. The Tribunal emphasized the maintainability of appeals against interest charged under section 215 in specific circumstances. Case-Laws Income Tax Fri, 30 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60508