Waiver of interest allowed where filing delay caused by seizure or requisition, provided return filed and tax paid. Administrative authority is given to the Chief Commissioner or Director General to reduce or waive interest where delay in filing is due to seizure or requisition of books, documents, or assets and the delay is not reasonably attributable to the assessee. Relief is conditional on filing the return before completion of assessment and payment of the entire assessed tax except the interest sought to be waived; additional conditions may be imposed.
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 allowed where filing delay caused by seizure or requisition, provided return filed and tax paid.
Administrative authority is given to the Chief Commissioner or Director General to reduce or waive interest where delay in filing is due to seizure or requisition of books, documents, or assets and the delay is not reasonably attributable to the assessee. Relief is conditional on filing the return before completion of assessment and payment of the entire assessed tax except the interest sought to be waived; additional conditions may be imposed.
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