https://www.taxtmi.com/caselaws?id=270965 The court allowed the petitioner's application for waiver of interest under Section 234C of the Income Tax Act, 1961. The court found the petitioner's explanation satisfactory, emphasizing the exercise of discretion by the Chief Commissioner under the relevant notification. The impugned order was quashed, and the proceeding was remitted for reconsideration regarding the extent of waiver of interest charged. Compliance was directed within four weeks from the date of receipt of the order. en-us Thu, 15 Oct 2015 00:00:00 +0530 Thu, 21 Jan 2016 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270965 The court allowed the petitioner's application for waiver of interest under Section 234C of the Income Tax Act, 1961. The court found the petitioner's explanation satisfactory, emphasizing the exercise of discretion by the Chief Commissioner under the relevant notification. The impugned order was quashed, and the proceeding was remitted for reconsideration regarding the extent of waiver of interest charged. Compliance was directed within four weeks from the date of receipt of the order. Case-Laws Income Tax Thu, 15 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270965