https://www.taxtmi.com/article/detailed?id=2034 Section 220(2A) allows waiver of interest only if three conjunctive conditions are met: payment would cause genuine hardship, the default arose from circumstances beyond the assessee's control, and the assessee cooperated in related inquiries; failure to satisfy any one condition defeats the waiver claim. In the cited matter the authority found the assessee's assets and income negated genuine hardship and the delay in post assessment payment was not excused, so waiver was refused. Separate notification criteria govern waiver of interest for return and advance tax defaults and must be met independently. en-us Mon, 18 Feb 2013 06:56:06 +0530 Mon, 18 Feb 2013 06:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2034 Section 220(2A) allows waiver of interest only if three conjunctive conditions are met: payment would cause genuine hardship, the default arose from circumstances beyond the assessee's control, and the assessee cooperated in related inquiries; failure to satisfy any one condition defeats the waiver claim. In the cited matter the authority found the assessee's assets and income negated genuine hardship and the delay in post assessment payment was not excused, so waiver was refused. Separate notification criteria govern waiver of interest for return and advance tax defaults and must be met independently. Articles Income Tax Mon, 18 Feb 2013 06:56:06 +0530 https://www.taxtmi.com/article/detailed?id=2034