https://www.taxtmi.com/circulars?id=9447 The Board directs liberal invocation of the power to reduce or waive interest under Rule 40(5) where an assessee voluntarily discloses additional income and pays tax before detection; such voluntary disclosure and payment shall be deemed sufficient evidence of being prevented by sufficient cause from filing a timely return for the purposes of Rule 117A(v), justifying waiver of interest otherwise leviable under the tax interest provisions. en-us Fri, 13 Feb 1981 00:00:00 +0530 Mon, 06 Jun 2011 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9447 The Board directs liberal invocation of the power to reduce or waive interest under Rule 40(5) where an assessee voluntarily discloses additional income and pays tax before detection; such voluntary disclosure and payment shall be deemed sufficient evidence of being prevented by sufficient cause from filing a timely return for the purposes of Rule 117A(v), justifying waiver of interest otherwise leviable under the tax interest provisions. Circulars Income Tax Fri, 13 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9447