1998 (9) TMI 9

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....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 on May 5, 1977, which caused delay i....

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....he 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 as arbitrary or having failed to take i....