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2004 (8) TMI 54 - HC - Income TaxApplication of waiver of interest and penalty rejected in impugned order - Petitioner had filed the revised returns of income voluntarily and had also paid the taxes due thereon. He was claiming waiver of interest and penalty only. - Chief Commissioner of Income-tax, Meerut, had taken into consideration irrelevant materials regarding non-disclosure of the entire interest income - Moreover the question of financial hardship and difficulty in paying the amount of interest under sections 234A, 234B and 234C and the amount of penalty, which has been taken as one of the grounds for rejecting the waiver application is misconceived - Chief Commissioner is directed to decide the matter afresh in accordance with law after giving an opportunity of hearing to the petitioner.
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