Order under section 119(2)(a) of the Income-tax Act, 1961 regarding Waiver of Interest under Sections 234A, 234B and 234C of the Income Tax Act, 1961. - F. No. 400-29-2002-IT(B) - Income Tax
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Waiver of interest allowed where return filed and principal tax paid, subject to specified discretionary conditions. Senior tax officers may reduce or waive interest charged for delayed payment or shortfall of advance tax only after the return is filed and the principal tax paid; waiver applies where delay is caused by search seizures, unforeseen income paid subsequently, retroactive legal changes creating tax liability, or voluntary filing after unavoidable prevention, and officers may impose further conditions.
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 return filed and principal tax paid, subject to specified discretionary conditions.
Senior tax officers may reduce or waive interest charged for delayed payment or shortfall of advance tax only after the return is filed and the principal tax paid; waiver applies where delay is caused by search seizures, unforeseen income paid subsequently, retroactive legal changes creating tax liability, or voluntary filing after unavoidable prevention, and officers may impose further conditions.
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