https://www.taxtmi.com/circulars?id=68051 Applications for waiver or reduction of interest in recovery proceedings must be filed to the Recovery Officer with proof meeting the three Section 220(2A) conditions (hardship, circumstances beyond control, cooperation). Relief applies only for periods after service of the demand notice and only where the principal amount is fully paid. The Board has delegated decision-making to a Panel of Executive Directors for smaller interest amounts and to a Panel of Whole-time Members otherwise; specified exclusions apply and incomplete or ineligible applications are to be returned. Applicants must be heard and the Competent Authority must decide within twelve months of receipt of a complete application. en-us Fri, 10 Jan 2025 00:00:00 +0530 Mon, 13 Jan 2025 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68051 Applications for waiver or reduction of interest in recovery proceedings must be filed to the Recovery Officer with proof meeting the three Section 220(2A) conditions (hardship, circumstances beyond control, cooperation). Relief applies only for periods after service of the demand notice and only where the principal amount is fully paid. The Board has delegated decision-making to a Panel of Executive Directors for smaller interest amounts and to a Panel of Whole-time Members otherwise; specified exclusions apply and incomplete or ineligible applications are to be returned. Applicants must be heard and the Competent Authority must decide within twelve months of receipt of a complete application. Circulars SEBI Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68051