B.M.Malani vs Commr.Of Income Tax & Anr

The Supreme Court addressed the appeal against the Andhra Pradesh High Court's dismissal of a writ petition challenging the Commissioner of Income Tax's rejection of a waiver application under Section 220(2-A) of the Income Tax Act. The Court held that the appellant's request to sell seized shares to pay tax liabilities was not honored, and despite the appellant's cooperation with the tax authorities, the conditions for waiver were not met. The Court upheld the High Court's decision, affirming the Commissioner's order regarding interest levied under Section 220(2).