Waiver of interest for tax deduction defaults may be granted subject to conditions and payment of the principal demand. The Board permits reduction or waiver of interest under section 201(1A)(i) where the Chief Commissioner or Director General considers it fit, provided the principal demand is paid or satisfactory arrangements exist; eligible cases include defaults caused by search and seizure, reliance on High Court orders later altered by law or higher court decision, and non-deduction for cross-border payments resolved by the Mutual Agreement Procedure with acceptance and withdrawal of appeals. Interest already paid may be refunded if waived, and the examining authority must issue a speaking order after hearing; the Board can examine implementation grievances but will not re-open merits.
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.
Waiver of interest for tax deduction defaults may be granted subject to conditions and payment of the principal demand.
The Board permits reduction or waiver of interest under section 201(1A)(i) where the Chief Commissioner or Director General considers it fit, provided the principal demand is paid or satisfactory arrangements exist; eligible cases include defaults caused by search and seizure, reliance on High Court orders later altered by law or higher court decision, and non-deduction for cross-border payments resolved by the Mutual Agreement Procedure with acceptance and withdrawal of appeals. Interest already paid may be refunded if waived, and the examining authority must issue a speaking order after hearing; the Board can examine implementation grievances but will not re-open merits.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
