https://www.taxtmi.com/caselaws?id=334588 The court dismissed the writ petition challenging the order rejecting the waiver of interest levied under Sections 234A, 234B, and 234C of the Income Tax Act for the assessment year 1996-97. The petitioner's argument based on the CBDT order was not accepted, as the court found the nonpayment of taxes was not due to circumstances beyond the petitioner's control. The court emphasized that waiver or reduction of interest is discretionary and must adhere to the parameters set in the order. The rule was discharged, the writ petition was dismissed, and no costs were awarded. en-us Tue, 25 Oct 2016 00:00:00 +0530 Wed, 16 Nov 2016 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334588 The court dismissed the writ petition challenging the order rejecting the waiver of interest levied under Sections 234A, 234B, and 234C of the Income Tax Act for the assessment year 1996-97. The petitioner's argument based on the CBDT order was not accepted, as the court found the nonpayment of taxes was not due to circumstances beyond the petitioner's control. The court emphasized that waiver or reduction of interest is discretionary and must adhere to the parameters set in the order. The rule was discharged, the writ petition was dismissed, and no costs were awarded. Case-Laws Income Tax Tue, 25 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334588