Commissioner authority expanded to grant relief for interest where payment causes genuine hardship or was beyond assessee control. The amendment transfers decision-making authority from the Board to the Commissioner, expands relief to interest 'paid or payable' with retrospective effect, replaces the recommendation requirement with the Commissioner's direct satisfaction, and restates the relief grounds as genuine hardship or circumstances beyond the assessee's control.
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.
Commissioner authority expanded to grant relief for interest where payment causes genuine hardship or was beyond assessee control.
The amendment transfers decision-making authority from the Board to the Commissioner, expands relief to interest "paid or payable" with retrospective effect, replaces the recommendation requirement with the Commissioner's direct satisfaction, and restates the relief grounds as genuine hardship or circumstances beyond the assessee's control.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
