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2013 (1) TMI 161 - KERALA HIGH COURTWaiver of interest u/s 220(2A) - assessee not produce any proof that he had no other business or source of income - Held that:- It is an admitted case of the respondents that the entire properties of the petitioner are under attachment and that the interest liability of the petitioner was satisfied from out of the compensation amount remitted by the Corporation of Cochin. These facts, prima facie substantiate the case of the petitioner that he had no business or source of income and that payment of interest as demanded, would cause genuine hardship. Default committed in complying with the conditional waiver order and the instalment facility was for the reason that he had no source of money to comply with the same - orders rejecting the waiver application quashed.
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