https://www.taxtmi.com/caselaws?id=353778 The High Court upheld the respondent's decision not to waive interest charges totaling Rs. 12.30 lakhs for assessment years 1989-90 and 1990-91. The petitioner's conduct was crucial in determining eligibility for interest waiver under Sections 234A, 234B, and 234C of the Income Tax Act 1961. The judgment highlighted the Circular dated 26.06.2006, which outlined specific circumstances for interest reduction or waiver, emphasizing that the right to claim waiver was not statutory but based on the Circular's strict interpretation. As the petitioner did not meet the specified criteria, the High Court dismissed the writ petition without costs. en-us Thu, 07 Dec 2017 00:00:00 +0530 Thu, 11 Jan 2018 21:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353778 The High Court upheld the respondent's decision not to waive interest charges totaling Rs. 12.30 lakhs for assessment years 1989-90 and 1990-91. The petitioner's conduct was crucial in determining eligibility for interest waiver under Sections 234A, 234B, and 234C of the Income Tax Act 1961. The judgment highlighted the Circular dated 26.06.2006, which outlined specific circumstances for interest reduction or waiver, emphasizing that the right to claim waiver was not statutory but based on the Circular's strict interpretation. As the petitioner did not meet the specified criteria, the High Court dismissed the writ petition without costs. Case-Laws Income Tax Thu, 07 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353778