https://www.taxtmi.com/caselaws?id=379464 The court remanded applications for waiver of interest under Sections 234-A, 234-B, and 234-C of the Income Tax Act for assessment years 1993-1994 and 1994-1995 to the Chief Commissioner of Income Tax for reconsideration based on specific grounds presented by the petitioner. The court emphasized the Chief Commissioner's competence to determine waiver or reduction of interest independently, directing a fresh review without influence from prior observations. The Writ Appeals were disposed of, allowing further consideration by the Chief Commissioner, stressing the importance of an unbiased assessment of the presented facts and circumstances. en-us Wed, 27 Mar 2019 00:00:00 +0530 Fri, 03 May 2019 09:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379464 The court remanded applications for waiver of interest under Sections 234-A, 234-B, and 234-C of the Income Tax Act for assessment years 1993-1994 and 1994-1995 to the Chief Commissioner of Income Tax for reconsideration based on specific grounds presented by the petitioner. The court emphasized the Chief Commissioner's competence to determine waiver or reduction of interest independently, directing a fresh review without influence from prior observations. The Writ Appeals were disposed of, allowing further consideration by the Chief Commissioner, stressing the importance of an unbiased assessment of the presented facts and circumstances. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379464