https://www.taxtmi.com/caselaws?id=261047 The Court upheld the second respondent's decision to reject the petitioner's request for waiver of interest under Sections 234B and 234C of the Income Tax Act. The petitioner's argument that the waiver confirmation was received post the advance tax payment deadline was dismissed, as the case did not align with the specified classes for interest waiver outlined in Circulars by the Central Board of Direct Taxes. However, the Court granted the petitioner permission to pay the outstanding interest in six monthly installments and exempted them from paying interest during the pendency of the case. en-us Fri, 16 Jan 2015 00:00:00 +0530 Wed, 01 Jul 2015 06:46:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261047 The Court upheld the second respondent's decision to reject the petitioner's request for waiver of interest under Sections 234B and 234C of the Income Tax Act. The petitioner's argument that the waiver confirmation was received post the advance tax payment deadline was dismissed, as the case did not align with the specified classes for interest waiver outlined in Circulars by the Central Board of Direct Taxes. However, the Court granted the petitioner permission to pay the outstanding interest in six monthly installments and exempted them from paying interest during the pendency of the case. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261047