https://www.taxtmi.com/caselaws?id=24925 Waiver of interest under section 273A(1)(iii)(c) of the Income-tax Act depends on strict compliance with the condition that tax on the disclosed income be paid before notice under section 139(2) or section 148, or along with the disclosure where no notice has been issued. Where the return was filed belatedly and the tax on the disclosed income was paid only later, the statutory precondition was not satisfied. The Kerala HC therefore upheld rejection of relief and held that the assessee was not entitled to waiver of interest. en-us Mon, 28 Mar 1988 00:00:00 +0530 Sat, 23 Jan 2010 12:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24925 Waiver of interest under section 273A(1)(iii)(c) of the Income-tax Act depends on strict compliance with the condition that tax on the disclosed income be paid before notice under section 139(2) or section 148, or along with the disclosure where no notice has been issued. Where the return was filed belatedly and the tax on the disclosed income was paid only later, the statutory precondition was not satisfied. The Kerala HC therefore upheld rejection of relief and held that the assessee was not entitled to waiver of interest. Case-Laws Income Tax Mon, 28 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24925