https://www.taxtmi.com/caselaws?id=327093 Waiver of interest under Section 119(2)(a) was unavailable because the assessee had filed a return disclosing the property sale, but had not disclosed the capital gains liability, so the case did not fall within unavoidable circumstances preventing timely filing. The CBDT communication was treated as a statutory order under Section 119(2)(a) and binding on the Chief Commissioner, leaving no scope for an equity-based reduction outside the fiscal scheme. On that basis, the request for interest waiver was rejected. en-us Thu, 14 Jan 2016 00:00:00 +0530 Tue, 03 May 2016 00:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327093 Waiver of interest under Section 119(2)(a) was unavailable because the assessee had filed a return disclosing the property sale, but had not disclosed the capital gains liability, so the case did not fall within unavoidable circumstances preventing timely filing. The CBDT communication was treated as a statutory order under Section 119(2)(a) and binding on the Chief Commissioner, leaving no scope for an equity-based reduction outside the fiscal scheme. On that basis, the request for interest waiver was rejected. Case-Laws Income Tax Thu, 14 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327093