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2010 (1) TMI 74 - HC - Income TaxSettlement of cases – waiver of interest - This petition seeks quashing of order passed by the Chief Commissioner of Income-tax, rejecting the application for waiver of interest under section 158BFA(1)(a) – Settlement Commission held that the assessee will be liable to pay interest under section I58BFA(1)(a) - Even if the Commission may be able to waive the interest, if so provided under a particular circular, such power cannot be exercised by any other authority in the matter dealt with by the Commission. We, thus, do not find any infirmity with the view taken by the Chief Commissioner in rejecting the application of the assessee.
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