https://www.taxtmi.com/highlights?id=48568 Waiver of interest u/s 234C - accruing of income of demerged company - demerger scheme was under contemplation does not mean that approval by the High Court was a certainty - hence till the approval was granted, demerged company could not have anticipated or contemplated flowing of the income in its coffers - Commissioner committed a serious error in rejecting the application for waiver of interest en-us Sat, 10 Aug 2019 06:49:04 +0530 Sat, 10 Aug 2019 06:49:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48568 Waiver of interest u/s 234C - accruing of income of demerged company - demerger scheme was under contemplation does not mean that approval by the High Court was a certainty - hence till the approval was granted, demerged company could not have anticipated or contemplated flowing of the income in its coffers - Commissioner committed a serious error in rejecting the application for waiver of interest Highlights Income Tax Sat, 10 Aug 2019 06:49:04 +0530 https://www.taxtmi.com/highlights?id=48568