1986 (9) TMI 51

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..... Income-tax Act for waiving or reducing the amount of penalty imposed upon him. The petitioner was the assessee whose application has been rejected by the impugned order of the Commissioner on the ground that since the petitioner had not paid interest, the application was incompetent and was not maintainable. Section 273A did not entitle the Commissioner to reject the application simply because t .....

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..... interest. Be that as it may, it appears to us that the requirements of section 273A would be satisfied if we direct the petitioner to deposit the entire amount of interest in cash with the Income-tax Officer within one month from today. We order accordingly. Subject to the observations made by us, this writ petition is disposed of. Before passing this order, we have had the advantage of hearing .....

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