9911796707
TMI Blog1991 (5) TMI 54X X X X Extracts X X X X X X X X Extracts X X X X ..... spectively. In addition to the levy of income-tax, the assessing authority levied penalty and interest for the late filing of the returns and for non-payment of advance tax. It appears that the petitioner filed an application to the Commissioner of Income-tax under section 273A seeking waiver of penalty and also waiver of interest under sections 139(8) and 215. The Commissioner of Income-tax, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssioner. It is contended by learned counsel that the catena of authorities shows that the jurisdiction which is exercised under section 273A has to be a judicial decision and there must be some reason for the Commissioner of Income-tax to justify the reduction only up to 50%. Learned counsel submits that, having come to the conclusion that the aforesaid three conditions were satisfied, the Commiss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rest in its entirety. It is clear that the Legislature has left the discretion with the Commissioner of Income-tax and the Income-tax Commissioner is a high functionary and merely because the discretion is left with the functionary, it cannot mean that the said provision is arbitrary. The discretion, of course, has to be exercised judicially. If the discretion has not been properly exercised, th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the discretion should be exercised. The exercise of the discretion must depend on the facts and circumstances of each case. It is apparent from the impugned order that the Commissioner of Income-tax has taken into consideration the extent of the delay in filing the returns or payment of advance tax. For the year 1980-81, the delay was 7 months and for the year 1981-82 the delay was 20 months. The ..... X X X X Extracts X X X X X X X X Extracts X X X X
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