https://www.taxtmi.com/caselaws?id=6057 Interest levied under section 158BFA(1) could not be waived because section 119(2)(a) authorises waiver orders only for the interest provisions specifically listed in that section, and the circular relied upon did not extend to this levy. In the absence of any statutory power in the authority or the Board to grant such waiver, the refusal was upheld, and no serious illegality was found in the High Court's affirmation of the administrative decision. The special leave petition was dismissed. en-us Fri, 09 Feb 2001 00:00:00 +0530 Mon, 01 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6057 Interest levied under section 158BFA(1) could not be waived because section 119(2)(a) authorises waiver orders only for the interest provisions specifically listed in that section, and the circular relied upon did not extend to this levy. In the absence of any statutory power in the authority or the Board to grant such waiver, the refusal was upheld, and no serious illegality was found in the High Court's affirmation of the administrative decision. The special leave petition was dismissed. Case-Laws Income Tax Fri, 09 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6057