https://www.taxtmi.com/caselaws?id=14329 The court dismissed the petition challenging the exhibit P-3 order under section 119(2)(a) of the Income Tax Act, 1961 for waiver of interest under sections 234B and 234C for the assessment year 1997-98. The firm's claim for waiver of interest was rejected as they failed to substantiate their case based on the Board's order, and the court found no substantial reason to interfere, emphasizing the compensatory nature of interest and the firm's failure to provide necessary documents for claiming relief. en-us Fri, 24 Nov 2000 00:00:00 +0530 Wed, 15 Jul 2009 12:33:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14329 The court dismissed the petition challenging the exhibit P-3 order under section 119(2)(a) of the Income Tax Act, 1961 for waiver of interest under sections 234B and 234C for the assessment year 1997-98. The firm's claim for waiver of interest was rejected as they failed to substantiate their case based on the Board's order, and the court found no substantial reason to interfere, emphasizing the compensatory nature of interest and the firm's failure to provide necessary documents for claiming relief. Case-Laws Income Tax Fri, 24 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14329