https://www.taxtmi.com/caselaws?id=351346 Interest waiver under Section 220(2A) requires the assessee to satisfy three cumulative conditions: genuine hardship, circumstances beyond its control, and cooperation in the proceedings. The Court found those conditions met because the assessee had cooperated, the demand and assessment position had remained unsettled for years due to repeated rectifications, and the undertaking had remained under control for a long period without effective control by the assessee. It also held that the later receipt of refund interest under Section 244(1A) was an irrelevant reason for rejecting hardship for the earlier year. The rejection of waiver was therefore unjustified, and waiver of interest was warranted. en-us Thu, 09 Nov 2017 00:00:00 +0530 Thu, 23 Nov 2017 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351346 Interest waiver under Section 220(2A) requires the assessee to satisfy three cumulative conditions: genuine hardship, circumstances beyond its control, and cooperation in the proceedings. The Court found those conditions met because the assessee had cooperated, the demand and assessment position had remained unsettled for years due to repeated rectifications, and the undertaking had remained under control for a long period without effective control by the assessee. It also held that the later receipt of refund interest under Section 244(1A) was an irrelevant reason for rejecting hardship for the earlier year. The rejection of waiver was therefore unjustified, and waiver of interest was warranted. Case-Laws Income Tax Thu, 09 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351346