Reduction or waiver of interest: eligibility expanded where no court decision in assessee's own case and timing condition removed.
The Board broadened eligibility for discretionary reduction or waiver of interest under sections 234A, 234B and 234C by removing the requirement that a favorable court decision be in the assessee's own case and by withdrawing the timing requirement that retrospective amendments or appellate decisions occur after the relevant year; past petitions rejected for lack of this modification must be reconsidered under the revised criteria.

Exemption under section 10(23) granted subject to conditions on application, investment and distribution of the association's income.
Notification under Section 10(23) designates the National Rifle Association of India, Delhi as exempt for the relevant assessment years provided it applies or accumulates its income exclusively to its objects as modified by section 11, confines investments and deposits to forms specified in section 11(5), does not distribute income to members except as grants to affiliated bodies, and excludes business profits unless incidental and recorded in separate books.