https://www.taxtmi.com/caselaws?id=13416 The High Court set aside the Chief Commissioner of Income-tax's order denying waiver of interest under sections 234A, 234B, and 234C of the Income-tax Act for assessment years 1989-90 to 1992-93. The Court found the Chief Commissioner's reasoning flawed regarding outstanding tax liability, voluntary disclosure, and absence of seized cash. It directed a reconsideration of the waiver application in accordance with the law, emphasizing that the adjustment of taxes towards interest was incorrect, the disclosure was voluntary, and the denial based on the absence of seized cash was unjustified. en-us Tue, 23 Jan 2007 00:00:00 +0530 Thu, 28 May 2009 17:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13416 The High Court set aside the Chief Commissioner of Income-tax's order denying waiver of interest under sections 234A, 234B, and 234C of the Income-tax Act for assessment years 1989-90 to 1992-93. The Court found the Chief Commissioner's reasoning flawed regarding outstanding tax liability, voluntary disclosure, and absence of seized cash. It directed a reconsideration of the waiver application in accordance with the law, emphasizing that the adjustment of taxes towards interest was incorrect, the disclosure was voluntary, and the denial based on the absence of seized cash was unjustified. Case-Laws Income Tax Tue, 23 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13416