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of <h1>Tax authority may reduce or waive interest under sections 234A, 234B, 234C for delays from specified unavoidable causes</h1> The tax authority may in specified classes of cases reduce or waive interest under sections 234A, 234B and 234C where the taxpayer has filed the relevant return and paid the assessed tax except the interest sought to be reduced or waived, and subject to any conditions imposed. Eligible cases include delays caused by search/seizure of records, seizure of cash preventing advance-tax payments, unforeseen receipt/accrual of non-capital income after due dates, retrospective legal changes or court decisions affecting taxability, and voluntary filing delayed by unavoidable circumstances. Relief may be granted for assessment year 1989-90 onward; prior merits-rejected waivers remain ineligible, though earlier petition rejections for lack of direction may be reconsidered.
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