Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Waiver of advance tax interest applies in specified cases of delayed assessment, unforeseen profits, and justified hardship. Interest payable under section 215 or section 217 may be reduced or waived in specified cases, including delayed assessment not attributable to the assessee, assessment of an agent on another's income, unregistered firm income, unforeseen late-year profits, and other justified circumstances. The rule does not apply to assessments for the assessment year commencing on 1 April 1989 or later.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Waiver of advance tax interest applies in specified cases of delayed assessment, unforeseen profits, and justified hardship.
Interest payable under section 215 or section 217 may be reduced or waived in specified cases, including delayed assessment not attributable to the assessee, assessment of an agent on another's income, unregistered firm income, unforeseen late-year profits, and other justified circumstances. The rule does not apply to assessments for the assessment year commencing on 1 April 1989 or later.
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