Interest Can Be Waived In Situations Beyond Assessee's Control In Timely Filing Of Returns: Punjab And Haryana High Court

The Punjab and Haryana High Court ruled that interest on delayed tax payments can be waived in situations where the delay was beyond the control of the assessee. The court noted that timely filing of tax returns should generally prevent such issues, but exceptions can be made in genuine cases where external factors contributed to the delay. This decision underscores the importance of assessing each case on its merits before enforcing penalties.