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2018 (3) TMI 1165 - HC - Income TaxSeeking waiver of interest payable under Section 220(2) - delay in payment of the tax for the block period 1st January, 1985 to 24th August, 1995 - Held that:- It is an undisputed fact that the tax payable is in respect of the period 1985 to 1995. The petitioners have chosen not to pay the tax even though it was conscious of the fact that in case it fails in its challenge, it would have to pay the interest due on the same. Thus, it was a call which the petitioner took at a time when the demand was confirmed by the Assessing Officer. Moreover, the Commissioner, in the impugned order, also found that during the assessment proceedings, statements were made and retracted. This would by itself establish the fact that, full co-operation was lacking during the assessment proceedings. Thus holding the petitioner is not entitled to waiver.
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