https://www.taxtmi.com/caselaws?id=16465 Waiver of interest under section 220(2A) was unavailable because the statutory conditions must be satisfied cumulatively and the materials did not establish genuine hardship or financial difficulty. By contrast, waiver under section 217 was upheld because the return had been filed long before assessment was completed, the delay exceeded the period contemplated by rule 40, and the delay was not attributable to the assessee. The challenge therefore failed on the section 220(2A) claim but succeeded to the limited extent of the section 217 claim, warranting fresh orders on that issue. en-us Tue, 12 Jan 1999 00:00:00 +0530 Tue, 08 Sep 2009 10:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16465 Waiver of interest under section 220(2A) was unavailable because the statutory conditions must be satisfied cumulatively and the materials did not establish genuine hardship or financial difficulty. By contrast, waiver under section 217 was upheld because the return had been filed long before assessment was completed, the delay exceeded the period contemplated by rule 40, and the delay was not attributable to the assessee. The challenge therefore failed on the section 220(2A) claim but succeeded to the limited extent of the section 217 claim, warranting fresh orders on that issue. Case-Laws Income Tax Tue, 12 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16465