https://www.taxtmi.com/circulars?id=55768 The Board permits reduction or waiver of interest under section 201(1A)(i) where the Chief Commissioner or Director General considers it fit, provided the principal demand is paid or satisfactory arrangements exist; eligible cases include defaults caused by search and seizure, reliance on High Court orders later altered by law or higher court decision, and non-deduction for cross-border payments resolved by the Mutual Agreement Procedure with acceptance and withdrawal of appeals. Interest already paid may be refunded if waived, and the examining authority must issue a speaking order after hearing; the Board can examine implementation grievances but will not re-open merits. en-us Fri, 24 Mar 2017 00:00:00 +0530 Sat, 25 Mar 2017 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55768 The Board permits reduction or waiver of interest under section 201(1A)(i) where the Chief Commissioner or Director General considers it fit, provided the principal demand is paid or satisfactory arrangements exist; eligible cases include defaults caused by search and seizure, reliance on High Court orders later altered by law or higher court decision, and non-deduction for cross-border payments resolved by the Mutual Agreement Procedure with acceptance and withdrawal of appeals. Interest already paid may be refunded if waived, and the examining authority must issue a speaking order after hearing; the Board can examine implementation grievances but will not re-open merits. Circulars Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55768