Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (3) TMI 35 - HC - Income TaxChief Commissioner of Income-tax, u/s 119(2)(a) read with sections 234A, 234B and 234C granting partial waiver of interest under section 234A and rejecting the petitioner's request for waiver of interest under sections 234B and 234C - since we have found that the Chief Commissioner declined to consider the request for reduction/waiver of interest under sections 234B and 234C by refusing to exercise the jurisdiction vested in him and also because the Chief Commissioner has not given reasons for limiting the reduction of interest under section 234A to only 50 per cent, the impugned order would deserve to be quashed and set aside - However, instead of remanding the matter to the Chief Commissioner for considering the petitioner's request for full waiver of interest at this stage, we are of the view that this is a fit case for granting waiver under sections 234A, 234B and 234C to the extent of 75 per cent.
|