Order passed byCommissioner u/s.264 of the Income Tax Act.

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..... s) Referred: 220 ,264 Statute: Income - Tax Act, 1961 Recently a case was referred to the Board wherein the Commissioner sought a clarification whether interest charged u/s.220(2) from the due .....

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..... he provision for reduction/waiver of interest chargeable u/s.220(2) in the Act, it will not be permissible for the CIT to allow such reduction/waiver through an order u/s.264, howsoever genuine the ra .....

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