Interest waiver under tax law and Time Window Scheme relief: representation to CBDT permitted, recovery stayed temporarily.

The petitioner's claim concerned waiver of interest under section 220(2A) of the Income-tax Act and possible relief under the CBDT Time Window Scheme. The Court permitted the petitioner to make a representation to the CBDT within one month and directed that recovery of the balance interest remain in abeyance for four months.

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Issues: Whether the petitioner was entitled to waiver of interest under section 220(2A) of the Income-tax Act, 1961; and whether relief under the Time Window Scheme framed by the Central Board of Direct Taxes could be extended in the circumstances.

Outcome: The petitioner was permitted to make a representation to the Central Board of Direct Taxes within one month, and recovery of the balance interest was directed to remain in abeyance for four months.

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