Relief under section 89 treated as reducing interest liability under section 234A for delayed tax payment. A new clause is inserted into sub section (1) of section 234A declaring that relief of tax allowed under section 89 is included for purposes of section ... Summary
Relief under section 89 treated as reducing interest liability under section 234A for delayed tax payment.
A new clause is inserted into sub section (1) of section 234A declaring that relief of tax allowed under section 89 is included for purposes of section 234A; this insertion is deemed effective from 1 April 2007, so relief under section 89 is expressly recognised when determining interest or default liability under section 234A.
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