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2011 (12) TMI 283 - HC - Income TaxWrit for rectification - Search and seizure - Since the assessee filed return only after search and detection of concealed income, the waiver of interest initially granted was found to be against law and hence the Chief Commissioner cancelled the first order granting waiver and restored the interest levied - The notification specifies the classes of cases or classes of income in which the reduction or waiver of interest can be considered and that according to us would be the threshold test to be satisfied for being entitled to be considered for waiver - The earlier order of the Chief Commissioner granting waiver was definitely a misconception or an error in interpreting the notification, which could be rectified under Section 154 - Held that: the fundamental error committed in the order dated 26.11.1999 was rectified - Writ is dismissed
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