https://www.taxtmi.com/acts?id=50291 The Board is empowered to reduce or waive interest under section 220 notwithstanding subsection (2), provided it is satisfied, on the Commissioner's recommendation, that payment would cause genuine hardship, the default arose from circumstances beyond the assessee's control, and the assessee has co-operated in inquiries relating to assessment or recovery proceedings. en-us Thu, 06 Mar 2025 18:13:07 +0530 Thu, 06 Mar 2025 18:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50291 The Board is empowered to reduce or waive interest under section 220 notwithstanding subsection (2), provided it is satisfied, on the Commissioner's recommendation, that payment would cause genuine hardship, the default arose from circumstances beyond the assessee's control, and the assessee has co-operated in inquiries relating to assessment or recovery proceedings. Act-Rules F. Acts / Amendment Acts Thu, 06 Mar 2025 18:13:07 +0530 https://www.taxtmi.com/acts?id=50291