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2009 (6) TMI 18 - HC - Income TaxInterest u/s 234, 234B, 234C - Circular No.400/234/95-IT(B), dated 23.5.96 - waiver of interest where tax is paid voluntarily - it is seen in the present case that the petitioner has paid the tax voluntarily and has also pleaded a good and sufficient reason for the non payment of tax on time. The fact of the death of petitioner's father who was looking after the business, and as well as the petitioner's mother and guardian was an house wife unfamiliar with such transactions, is not denied by the respondent. On the contrary, he has given some logical interpretation for overruling the claim made by the petitioner. - Held that. The claim made by the petitioner is bona fide and genuine and the respondent has not exercised his discretion in terms of law interest levied under Sections 234A, 234B and 234C is set aside and it is declared that the petitioner need not pay any interest for those two assessment years - At the same time, if any excess amount had been paid, she is also not entitled to seek refund of the same.
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