https://www.taxtmi.com/caselaws?id=202747 The High Court allowed the appeal, reversing the judgment and clarifying that satisfaction of conditions under clause (e) does not entitle the assessee to waiver of interest under sections 234B and 234C of the Income-tax Act. Additionally, the court showed leniency in fixing interest liability at Rs. 1 lakh and directed the Department to refund any excess collected or limit recovery to Rs. 1 lakh, considering the unique circumstances of the case involving compensation for surrendering tenancy rights. en-us Thu, 17 Dec 2009 00:00:00 +0530 Wed, 26 Dec 2012 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202747 The High Court allowed the appeal, reversing the judgment and clarifying that satisfaction of conditions under clause (e) does not entitle the assessee to waiver of interest under sections 234B and 234C of the Income-tax Act. Additionally, the court showed leniency in fixing interest liability at Rs. 1 lakh and directed the Department to refund any excess collected or limit recovery to Rs. 1 lakh, considering the unique circumstances of the case involving compensation for surrendering tenancy rights. Case-Laws Income Tax Thu, 17 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202747