https://www.taxtmi.com/caselaws?id=348596 The High Court upheld the Chief Commissioner's decision to grant partial relief of waiver of interest under Section 234C of the Income Tax Act. The Court found that the petitioner should have anticipated the accrued income and paid advance tax accordingly, even though a review petition was pending. The Chief Commissioner's grant of 100% waiver for the previous quarter was deemed justified, but the dismissal of the review petition did not warrant waiver of interest for the subsequent quarter. Consequently, the Court dismissed the petitioner's challenge, affirming the Chief Commissioner's decision as just and legal. en-us Mon, 21 Aug 2017 00:00:00 +0530 Mon, 25 Sep 2017 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348596 The High Court upheld the Chief Commissioner's decision to grant partial relief of waiver of interest under Section 234C of the Income Tax Act. The Court found that the petitioner should have anticipated the accrued income and paid advance tax accordingly, even though a review petition was pending. The Chief Commissioner's grant of 100% waiver for the previous quarter was deemed justified, but the dismissal of the review petition did not warrant waiver of interest for the subsequent quarter. Consequently, the Court dismissed the petitioner's challenge, affirming the Chief Commissioner's decision as just and legal. Case-Laws Income Tax Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348596