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of <h1>Section 220(2A) Amendment: Board Can Waive Interest for Genuine Hardship, Uncontrollable Default, and Cooperative Taxpayers.</h1> Section 220 of the Income-tax Act, 1961, is amended by the Taxation Laws (Amendment) Act, 1984, to include a new sub-section (2A) effective from October 1, 1984. This provision allows the Board to reduce or waive interest payable by a taxpayer if the Commissioner recommends it, provided that the payment causes genuine hardship, the default was beyond the taxpayer's control, and the taxpayer has cooperated in inquiries or proceedings related to the assessment or recovery of dues.
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