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2008 (2) TMI 413 - HC - Income TaxApplication for waiver of interest - Chief Commissioner has declined petitioner’s application for waiver of interest payable under sections 234B and 234C - the Chief Commissioner has pointed out that the petitioner has not satisfied any of the conditions for waiver referred to in the circular issued under section 119(2)(a) of the Income-tax Act, 1961 - Commissioner noticed that the assessee made substantial investment in immovable property and in the construction of hospital building during the previous years which go to show that the assessee had liquidity to pay advance tax – held that - original petition is dismissed as devoid of any merit
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