https://www.taxtmi.com/caselaws?id=384324 The court quashed the order rejecting the waiver of interest under section 234C of the Income Tax Act, directing the respondents to waive the interest in accordance with the CBDT Circular dated 26.6.2006. The court found that the rejection was erroneous as the advance tax payments made by Grasim Industries Ltd. were deemed to be paid by Samruddhi Cement Ltd. The petition was allowed, and if interest had already been recovered, it was deemed refundable. en-us Mon, 05 Aug 2019 00:00:00 +0530 Fri, 06 Sep 2019 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384324 The court quashed the order rejecting the waiver of interest under section 234C of the Income Tax Act, directing the respondents to waive the interest in accordance with the CBDT Circular dated 26.6.2006. The court found that the rejection was erroneous as the advance tax payments made by Grasim Industries Ltd. were deemed to be paid by Samruddhi Cement Ltd. The petition was allowed, and if interest had already been recovered, it was deemed refundable. Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384324