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2003 (12) TMI 33 - HC - Income TaxPetitioner filed petitions under section 119(2)(a) seeking for waiver of interest charged under section 234B of the Act before the Chief Commissioner of Income-tax, Bangalore. A common order was passed on February 20, 2003. In the order, the Chief Commissioner waived interest till April 30, 1999. Thereafter, he directed the assessee to pay interest and confirmed the demand of the Assessing Officer. – Board has issued an order on May 23, 1996, providing for reduction or waiver of interest for late filing of the return of income, etc. - Held that Commissioner was justified in exercising his power under section 119 (2) (a) in the light of the Board's order and has rightly chosen to waive interest up to April 30, 1999, i.e., till the date of the judgment of the Supreme Court
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