https://www.taxtmi.com/caselaws?id=760682 HC held the writ against the Income Tax Settlement Commission maintainable and allowed it in part: the Court set aside the Commission's 50% reduction and wholly waived interest under s.234A for the relevant assessment year because delay was due to seizure of records and no reasons were given for partial relief. Interest under s.234B and s.234C was upheld and not waived, as defaults in advance tax payment were not excused by the seizure. Interest under s.220(2) remained waived and immunity from prosecution granted by the Commission stood. en-us Mon, 02 Sep 2024 00:00:00 +0530 Mon, 01 Sep 2025 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760682 HC held the writ against the Income Tax Settlement Commission maintainable and allowed it in part: the Court set aside the Commission's 50% reduction and wholly waived interest under s.234A for the relevant assessment year because delay was due to seizure of records and no reasons were given for partial relief. Interest under s.234B and s.234C was upheld and not waived, as defaults in advance tax payment were not excused by the seizure. Interest under s.220(2) remained waived and immunity from prosecution granted by the Commission stood. Case-Laws Income Tax Mon, 02 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760682