Order u/s 10(2)(a) of Wealth Tax Act.

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..... he Chief Commissioner of Wealth Tax and Director General of Wealth Tax may reduce or waive interest charged under Section 17B of the Wealth Tax Act, 1957 in the classes of cases or classes of wealth specified in paragraph 2 of this order for the period and to the extent the Chief Commissioner/Director General of Wealth Tax deem fit. However, no reduction or waiver of such interest shall be ordered .....

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..... e to furnish the return of wealth for the previous year during which the action under section 132 has taken place, within the time specified in this behalf and the Chief Commissioner or, as the case may be, Director General is satisfied having regard to the facts and circumstances of the case that the delay in furnishing such return of wealth cannot reasonably be attributed to the assessee. (b) W .....

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..... r this order with reference to the assessment year 1989-90 or any subsequent assessment year but shall not so reduce or waive penal interest in those cases where waiver or reduction of such interest has been rejected in the past on the merits of the case. If any petition in the past has been rejected because the Board had not issued this order earlier, the same may be reconsidered and decided in a .....

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