Waiver of interest: attribution of assessment delay determines extent of waiver beyond the first year under income tax rules. Waiver of interest requires first determining whether delay beyond the initial one-year period is attributable to the assessee; if not, waiver or reduction is to be applied from the end of the first year and may extend up to the date of completion of the assessment, excluding any subperiods found to be the assessee's responsibility.
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Waiver of interest: attribution of assessment delay determines extent of waiver beyond the first year under income tax rules.
Waiver of interest requires first determining whether delay beyond the initial one-year period is attributable to the assessee; if not, waiver or reduction is to be applied from the end of the first year and may extend up to the date of completion of the assessment, excluding any subperiods found to be the assessee's responsibility.
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