<h1>Karnataka High Court Rules Association Ineligible for Interest Waiver Lacking Court Order Despite Tribunal Support under CBDT Rules.</h1> The Central Board of Direct Taxes (CBDT) issued notifications in 1994 and 1996 empowering the Chief Commissioner and Director-General of Income-tax to reduce or waive interest under sections 234A, 234B, and 234C, subject to conditions. An amendment in 1997 and a subsequent circular in 1999 aimed to clarify contradictions. In a case involving the Director General of Income-tax (Exemptions) and an association, the Karnataka High Court ruled that the association did not qualify for interest waiver as it lacked a supporting court order, despite the Appellate Tribunal's favorable decision.