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of <h1>Directive Allows Waiver of Interest Under Sections 234A, 234B, 234C for Income from Post-Year-End Orders</h1> The Central Board of Direct Taxes issued a directive allowing the reduction or waiver of interest under Sections 234A, 234B, and 234C of the Income-tax Act, 1961. This applies when income arises due to a court or government order after the previous year's close, excluding assessment-related orders. The Chief Commissioner or Director-General of Income-tax can waive interest if the income is disclosed in a return or to the Assessing Officer and the related tax is paid. The waiver applies to interest accrued from specific dates until the month the order is passed, with conditions for calculation based on the inclusion or exclusion of the relevant income. This applies to orders from April 1, 1989, onwards.
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