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2018 (2) TMI 184 - HC - Income TaxEntitled to waiver of interest levied u/s 220 (2A) - rectification of mistake - Held that:- A perusal of the impugned order does not reveal any cogent reason for rejecting the request of the petitioner. The respondent is bound to consider the Petition, as to whether the petitioner fulfilled all the three conditions laid down under Section 220 (2A) and record reasons, as to how, the petitioner is not entitled to the waiver of penal interest. Junior Standing Counsel for the Revenue pointed out that, the Rectification Petition is said to have been presented wayback in the year 2007, and by now, it would have been disposed of. Whereas, the learned counsel appearing for the petitioner, on instructions, submitted that the Petition is yet to be disposed of, and the same is pending before the respondent. Thus, considering the fact that Petition for rectification is pending, and this Court, being satisfied that the respondent has not recorded any reasons, as to why, the petitioner is not entitled to waiver of interest, levied under Section 220 (2A), the matter requires to be re-considered by the respondent afresh. Thus, for the above reasons, this Writ Petition is allowed
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