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2022 (6) TMI 1330 - HC - Income TaxInterest levied for delay in the remittance of the taxes - Application seeking waiver of interest u/s 220 (2A) - voluntary disclosure of amounts by the respective petitioners in the course of the search - HELD THAT:- Petitioners would stress upon the extreme hardships faced by the assessees in remitting taxes, though with delay. Moreover, he attributes the difficulties to the substantial delay on the part of the respondents in issuing refunds to the companies in which the petitioners’ were Directors. Had such refunds been paid in time, he submits that the same would have been utilized by them to settle their tax demands earlier and intime. This submission would hold no water in the present case, seeing as the demand of tax has been made on the admitted income offered by the petitioner to tax in the returns of income. Had it been a case where the tax demand had arisen on account of additions/disallowances to the admitted income, the position may have been viewed differently. However, seeing that the tax demand in the present case arises entirely from admitted income and the order of has assessed and attained finality, there is no merit in these writ petitions. The impugned orders are confirmed and these writ petitions, dismissed. Connected writ miscellaneous petitions are closed.
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