https://www.taxtmi.com/caselaws?id=285866 The Madras High Court allowed the Writ Petition, set aside the order denying waiver of interest under sections 234B and 234C of the Income Tax Act, 1961, and directed the respondent to grant the waiver for the assessment year 1989-90. The court held that the circumstances leading to the delay in filing the return of income, considered unavoidable for waiver under section 234A, should also be applicable for waiver under sections 234B and 234C. The decision aligned with a previous ruling by the Gujarat High Court, emphasizing consistency in granting waivers under the specified sections without imposing any costs on the parties. en-us Wed, 07 Sep 2016 00:00:00 +0530 Fri, 31 Jan 2020 07:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285866 The Madras High Court allowed the Writ Petition, set aside the order denying waiver of interest under sections 234B and 234C of the Income Tax Act, 1961, and directed the respondent to grant the waiver for the assessment year 1989-90. The court held that the circumstances leading to the delay in filing the return of income, considered unavoidable for waiver under section 234A, should also be applicable for waiver under sections 234B and 234C. The decision aligned with a previous ruling by the Gujarat High Court, emphasizing consistency in granting waivers under the specified sections without imposing any costs on the parties. Case-Laws Income Tax Wed, 07 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285866