1999 (1) TMI 32

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....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 learned counsel for the petitioner in ....

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....he 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 circumstances of each case. No hard and fast....