Order under section 119(2) (a) of the income Tax Act, 1961- Partial modification thereof.

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..... artial modification thereof. The Board has issued an order vide F.No. 400/234/95-IT (B) dt.23rd May, 1996, indicating the class of income are class of cases in which reduction or waiver of interest u/s 234A, 234B or 234C as the case may be could be considered by Chief Commissioner of income Tax and Director General of income-Tax, The clause "d" of para 2 of the said order read as under: "where .....

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..... ion 234C and the Chief Commissioner or Director General is satisfied that this is a fit case for reduction or waiver of such interest." 2. In partial modification of this para of the Order, the Central Board of Direct Taxes has decided that there shall be no condition that the decision of the High Court or the Supreme Court, as referred to therein, must be given in the assessee's own case, Also .....

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