https://www.taxtmi.com/caselaws?id=174568 The High Court of Karnataka dismissed the petition concerning a survey conducted under Section 133A of the Income Tax Act at the petitioner's premises. The petitioner's money lending business was revealed through seized notebooks, leading to additional income disclosure and return filings. The case revolved around interest levied under Section 234A, 234B, and 234C, with the petitioner challenging the delegation of power to waive interest to CCIT/DGIT. The court held that since the power had been delegated, there was no basis to set aside the endorsement and direct the board to reconsider the waiver request, ultimately dismissing the petition. en-us Wed, 14 Mar 2012 00:00:00 +0530 Mon, 12 Oct 2015 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174568 The High Court of Karnataka dismissed the petition concerning a survey conducted under Section 133A of the Income Tax Act at the petitioner's premises. The petitioner's money lending business was revealed through seized notebooks, leading to additional income disclosure and return filings. The case revolved around interest levied under Section 234A, 234B, and 234C, with the petitioner challenging the delegation of power to waive interest to CCIT/DGIT. The court held that since the power had been delegated, there was no basis to set aside the endorsement and direct the board to reconsider the waiver request, ultimately dismissing the petition. Case-Laws Income Tax Wed, 14 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174568