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of <h1>CBDT Allows Interest Waivers u/s 201(1A)(i) for Tax Cases with Full Payment or Arrangements.</h1> The Central Board of Direct Taxes has issued guidelines allowing the Chief Commissioner of Income-tax and Director General of Income-tax to waive or reduce interest charged under section 201(1A)(i) of the Income-tax Act, 1961. Waivers are conditional upon full payment or satisfactory arrangements of the principal demand under sections 200A, 201(1), or 234E. Eligible cases include those involving search and seizure, retrospective amendments, or disputes under international tax agreements. Even if interest has been paid, waivers can be considered with potential refunds. Decisions require a speaking order, and the Board can address grievances but will not entertain appeals on merits.
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