https://www.taxtmi.com/article/detailed?id=8479 Waiver of interest under Section 220(2A) allows specified Commissioners to reduce or waive interest charged under post-demand interest where three cumulative conditions are met: payment would cause genuine hardship; the default arose from circumstances beyond the assessee's control; and the assessee cooperated in assessment or recovery proceedings. The power is discretionary, must be exercised judicially with satisfaction on each limb, and cannot be invoked where willful evasion or concealment defeats the statutory criteria. en-us Sat, 27 Apr 2019 06:28:21 +0530 Sat, 27 Apr 2019 06:28:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8479 Waiver of interest under Section 220(2A) allows specified Commissioners to reduce or waive interest charged under post-demand interest where three cumulative conditions are met: payment would cause genuine hardship; the default arose from circumstances beyond the assessee's control; and the assessee cooperated in assessment or recovery proceedings. The power is discretionary, must be exercised judicially with satisfaction on each limb, and cannot be invoked where willful evasion or concealment defeats the statutory criteria. Articles Income Tax Sat, 27 Apr 2019 06:28:21 +0530 https://www.taxtmi.com/article/detailed?id=8479