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2012 (3) TMI 78 - DELHI HIGH COURTPlea for waiver of interest u/s 234A – delay in filing Return Of Income – A.Y. 1993-94 and 1994-95 - books of accounts/documents seized during search conducted in August 1993 – assessee allowed to obtain photo copies of the seized books of accounts and documents from February 1994 - long time consumed in obtaining photocopies - prayer for waiver of interest to CIT disposed by him after long delay on 07.04.2008 – Held that:- It is apparent that the petitioner has been making payment to the respondents from time to time. Amounts paid, it appears have been adjusted first towards the interest due and then towards the principal amount. However, at the same time petitioner have not been able to show and establish that the entire delay in filing of the returns can be attributed to failure to permit inspection and photocopy of documents/records. Therefore, we are inclined to direct that the petitioner will be entitled to waiver of interest to the extent of 30% in the two assessment years – Decided partly in favor of assessee.
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