https://www.taxtmi.com/caselaws?id=442993 Interest levied under Section 158BFA of the Income-tax Act could not be waived in an individual case under Section 119(2)(a) because that power extends only to a class of cases, and the assessee's belated block return attracted the statutory levy. Interest under Section 245D(6A) was also not independently waivable, as it arises from delayed payment under the settlement scheme in Chapter XIX-A and forms part of that statutory framework. The writ appeal failed, the impugned demand was maintained, and the Department was directed to issue a revised demand notice after crediting payments already made. en-us Thu, 10 Aug 2023 00:00:00 +0530 Thu, 14 Sep 2023 09:03:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442993 Interest levied under Section 158BFA of the Income-tax Act could not be waived in an individual case under Section 119(2)(a) because that power extends only to a class of cases, and the assessee's belated block return attracted the statutory levy. Interest under Section 245D(6A) was also not independently waivable, as it arises from delayed payment under the settlement scheme in Chapter XIX-A and forms part of that statutory framework. The writ appeal failed, the impugned demand was maintained, and the Department was directed to issue a revised demand notice after crediting payments already made. Case-Laws Income Tax Thu, 10 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442993