https://www.taxtmi.com/caselaws?id=398615 The Division Bench allowed the Writ Appeal, setting aside the Single Judge's order and remitting the matter back to the ITSC to reconsider the waiver of interest under Section 234B in accordance with Supreme Court decisions. The ITSC was directed to align its decisions with the clarified legal position and provide parties with an opportunity for re-evaluation, emphasizing the correct application of tax laws. en-us Tue, 15 Sep 2020 00:00:00 +0530 Sat, 19 Sep 2020 22:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398615 The Division Bench allowed the Writ Appeal, setting aside the Single Judge's order and remitting the matter back to the ITSC to reconsider the waiver of interest under Section 234B in accordance with Supreme Court decisions. The ITSC was directed to align its decisions with the clarified legal position and provide parties with an opportunity for re-evaluation, emphasizing the correct application of tax laws. Case-Laws Income Tax Tue, 15 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398615