https://www.taxtmi.com/caselaws?id=182367 The High Court judgment focused on interpreting Board Circular clause 2(c) regarding waiver of interest under sections 234A to 234C of the Income-tax Act, 1961. It emphasized that relief is only available if the High Court within the assessee's jurisdiction declares the income as not chargeable to tax or if the Supreme Court lays down the law for the entire country. The judgment highlighted the importance of aligning with specific conditions outlined in the circular for availing benefits and clarified that the applicability of court decisions to individual cases must directly impact the assessee's situation for relief to be granted. en-us Tue, 21 Oct 2014 00:00:00 +0530 Sun, 08 May 2016 17:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182367 The High Court judgment focused on interpreting Board Circular clause 2(c) regarding waiver of interest under sections 234A to 234C of the Income-tax Act, 1961. It emphasized that relief is only available if the High Court within the assessee's jurisdiction declares the income as not chargeable to tax or if the Supreme Court lays down the law for the entire country. The judgment highlighted the importance of aligning with specific conditions outlined in the circular for availing benefits and clarified that the applicability of court decisions to individual cases must directly impact the assessee's situation for relief to be granted. Case-Laws Income Tax Tue, 21 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182367