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2010 (6) TMI 244 - HC - Income TaxAdvance Tax - The Chief Commissioner and Director General of Income Tax (Exemptions) have got jurisdiction to waive or reduce the interest in pursuance of the Circular-cum-notification dated May 23, 1996, if the request of the assessee fall within the category 2(a) to(e) of the circular. Held that - it had been rightly pointed out by Director General of Income Tax (Exemptions) that the case of the did not fall under the said clause, on the ground that assessee had not brought any High Court or Supreme Court order holding that it was entitled for the waiver of interest. Thus Director General of Income Tax (Exemptions) right in rejecting the application for waiver of interest.
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