1998 (9) TMI 9

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.... Commissioner declining to waive the interest under section 139 of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), for the assessment years 1981-82 and 1982-83. The returns for the two years were filed on March 7, 1983, and on subsequent dates. The reason put forth by the assessee for the delay is that there was a raid in the premises of the petitioner by the Income-tax Department....

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.... had taken place in the year 1977 and the delay in filing the returns between the assessment years 1977 and 1981 constituted sufficient cause for waiver of interest. The Commissioner has also found that the demise of a partner in 1978 could not be regarded as a relevant factor for excusing the delay in filing the return for the year 1981-82. The order passed by the Commissioner cannot be regarded ....