Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (7) TMI 603 - ANDHRA PRADESH HIGH COURTDefault in payment of advance tax – Waiver of interest u/s 234-A, 234-B and 234-C - Kar Vivad Samadhan Scheme, 1998 (KVSS) – Whether the Commissioner had the power to waive interest or whether the petitioners have made out a case for such waiver, is totally outside the purview of the Scheme – Held that:- The circumstances, under which the benefits under the Scheme can be extended, were explained by the Honble Supreme Court in DR. MRS. RENUKA DATLA AND OTHERS v. COMMISSIONER OF INOME TAX AND ANOTHER [2002 (12) TMI 6 - SUPREME Court] - the revisions filed by the assessee were pending by the time the Scheme was made operational - reasons mentioned by the revenue in the orders passed by him refusing to extend the benefit under the Scheme are outside the scope of the Scheme – thus, the revenue is directed to extend the benefit to the assessee after ensuring due compliance, as to payment of the stipulated amount – Decided in favour of Assessee.
|