https://www.taxtmi.com/circulars?id=8325 Authorisation permits reduction or waiver of penal interest under sections 234A, 234B and 234C where hardship arises: books seized in searches preventing timely return preparation; cash seized that could not be applied to tax instalments; unanticipated income (excluding capital gains) taxed after instalment dates with tax paid thereafter; retrospective law or judicial changes making earlier exempt receipts taxable; and voluntary, undetected filings delayed for reasons beyond taxpayer control. Relief applies from assessment year 1989-90 onward subject to conditions. en-us Tue, 21 May 1996 00:00:00 +0530 Thu, 21 Aug 2025 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8325 Authorisation permits reduction or waiver of penal interest under sections 234A, 234B and 234C where hardship arises: books seized in searches preventing timely return preparation; cash seized that could not be applied to tax instalments; unanticipated income (excluding capital gains) taxed after instalment dates with tax paid thereafter; retrospective law or judicial changes making earlier exempt receipts taxable; and voluntary, undetected filings delayed for reasons beyond taxpayer control. Relief applies from assessment year 1989-90 onward subject to conditions. Circulars Income Tax Tue, 21 May 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8325