https://www.taxtmi.com/caselaws?id=15414 The Court held that respondent No. 2 lacked the authority to waive interest under s. 158BFA(1) of the IT Act, 1961. The Board Circular cited was deemed inapplicable, and the Court emphasized the absence of statutory provisions for such waivers. The petition seeking relief from the interest levied was dismissed due to the lack of merit, with reference to a prior case where interest waiver was allowed under specific statutory provisions, unlike in the present case. en-us Thu, 19 Aug 1999 00:00:00 +0530 Thu, 06 Aug 2009 13:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15414 The Court held that respondent No. 2 lacked the authority to waive interest under s. 158BFA(1) of the IT Act, 1961. The Board Circular cited was deemed inapplicable, and the Court emphasized the absence of statutory provisions for such waivers. The petition seeking relief from the interest levied was dismissed due to the lack of merit, with reference to a prior case where interest waiver was allowed under specific statutory provisions, unlike in the present case. Case-Laws Income Tax Thu, 19 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15414