Waiver of interest permitted where TDS/TCS payments debited on time but credited late due to technical glitches. Order authorizes CCIT/DGIT/PrCCIT under section 119 to reduce or waive interest under section 201(1A)(ii)/206C(7) where TDS/TCS payments were debited from the taxpayer's bank account on or before the due date but not credited due to technical problems beyond taxpayer control; a speaking order after hearing and verification from the bank/Directorate of Systems is required; paid interest may be refunded if waived; applications must be filed within one year from end of the relevant financial year and disposed of within six months; the designated officer's order is final.