https://www.taxtmi.com/caselaws?id=751624 The Madras HC partly allowed the writ petition regarding waiver of interest under sections 234A, 234B and 234C. The court granted waiver of interest under section 234A for assessment years 2008-09 and 2009-10, finding only marginal delay in filing returns after receiving audit reports. However, the court rejected waiver of interest under sections 234B and 234C, which relate to belated payment of advance tax, holding that no impediments prevented timely payment and that such interest is statutorily mandated without scope for waiver on equity grounds. en-us Mon, 15 Apr 2024 00:00:00 +0530 Fri, 19 Apr 2024 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751624 The Madras HC partly allowed the writ petition regarding waiver of interest under sections 234A, 234B and 234C. The court granted waiver of interest under section 234A for assessment years 2008-09 and 2009-10, finding only marginal delay in filing returns after receiving audit reports. However, the court rejected waiver of interest under sections 234B and 234C, which relate to belated payment of advance tax, holding that no impediments prevented timely payment and that such interest is statutorily mandated without scope for waiver on equity grounds. Case-Laws Income Tax Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751624