https://www.taxtmi.com/circulars?id=10164 Rule 40(5) empowers the Inspecting Assistant Commissioner to reduce or waive interest under section 217(1A); the Board directs that where continuation of registration is refused at the time of regular assessment, the Inspecting Assistant Commissioner should reduce or waive interest to the extent of the interest on the difference between tax demanded or paid in the status of a registered firm and tax computed in the status of an unregistered firm on the income for which advance tax was demanded or an estimate filed. en-us Wed, 06 Mar 1974 00:00:00 +0530 Sat, 11 Jun 2011 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10164 Rule 40(5) empowers the Inspecting Assistant Commissioner to reduce or waive interest under section 217(1A); the Board directs that where continuation of registration is refused at the time of regular assessment, the Inspecting Assistant Commissioner should reduce or waive interest to the extent of the interest on the difference between tax demanded or paid in the status of a registered firm and tax computed in the status of an unregistered firm on the income for which advance tax was demanded or an estimate filed. Circulars Income Tax Wed, 06 Mar 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10164