1999 (1) TMI 32

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....vance of the petitioners is that the respondents, namely, the income-tax authorities, have only granted waiver of interest to the extent of 50 per cent. and not its entirety. The case of the petitioners is that once the authorities come to the conclusion that the petitioners could not have anticipated the additions in the respective cases they ought to have granted relief in its entirety. Heard....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....al waiver would meet the ends of justice. The Deputy Commissioner has passed a reasoned order. Against this order the petitioners filed revision petitions before the Commissioner of Income-tax. The Commissioner has also passed a reasoned order after considering the entire matter in detail. It is for the authorities to decide to what extent the waiver has to be given, depending upon the facts and c....