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2004 (12) TMI 57 - ANDHRA PRADESH HIGH COURTApplication for waiver of interest rejected by Commissioner – assessee contend that there is a failure to exercise the jurisdiction vested in the Commissioner - We are not satisfied that the petitioner has fulfilled the conditions (i) and (iii) to warrant the exercise of discretion conferred under section (2A) of section 220 of the Act to waive the amount of interest payable - We find that sufficient reasons have been given in support of the conclusions arrived at by the learned Commissioner in his order under appeal. Order impugned is a reasoned one and does not suffer from any legal infirmity. The petitioner, having failed to satisfy the conditions prescribed under sub-section (2A) of section 220 of the Act, is not entitled to the relief as prayed for.
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