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of <h1>Interest Waiver Powers Granted to Tax Officials Under Section 158BFA(1) for Post-Search Return Filing Delays</h1> The CBDT order authorizes Chief Commissioners and Directors General of Income Tax to waive interest under Section 158BFA(1) for taxpayers who couldn't file returns after search and seizure operations under Sections 132 or 132A. Relief applies only when delay cannot reasonably be attributed to the taxpayer, the return is filed before assessment under Section 158BC, and all tax due (except the interest requested for waiver) has been paid. Authorities may impose additional conditions for waiver. The order applies to applications made on or after June 1, 2002.
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