Exercise of discretion under section 220(6) of the Income-tax Act, 1961, to treat the assessee as not being in default in respect of the amounts disputed in first appeal pending before the Deputy Commissioner (Appeals)/Commissioner (Appeals)

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..... see as not being in default in respect of the amounts disputed in first appeal pending before the Deputy Commissioner (Appeals)/Commissioner (Appeals) Circular No. 589 Dated 16/1/1991 Reference is invited to Board's Circular No. 530 (F.No.404/ 82/88-ITCC) dated March 6, 1989 (see [1989] 176 ITR (St.) 240), regarding the above mentioned subject. 2. According to paragraph 2 of the said .....

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..... 20(6) of the Income-tax Act, is prejudicial to those assessees who are not financially sound. 4. The matter has been reconsidered by the Board. It has been decided to substitute paragraph 4 of the Circular No. 530 ([1989] 176 ITR (St.) 240), by the following paragraph-- "In respect of other cases not covered by paragraph 2 above, the Assessing Officer, while considering the situation for treat .....

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