1986 (8) TMI 9 - HC - Income Tax

Summary

The High Court of Kerala disposed of original petitions challenging an order by the Commissioner of Income-tax for levying interest under sections 139(8) and 215 of the Income-tax Act, 1961. Referring to a Supreme Court decision, the court directed the assessee to first apply to the Income-tax Officer for waiver or reduction of interest before seeking revision before the Commissioner. The assessee was given one month to file petitions for waiver or reduction of interest, with the assurance of a fair consideration and the right to be heard. No costs were awarded.