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    <title>Waiver of Interest under Section 220(2) on Delayed Demand Payment Due to Incorrect Claim of Rebate under Section 87A - Order under section 119 of the Income-tax Act, 1961</title>
    <link>https://www.taxtmi.com/circulars?id=68804</link>
    <description>The Board directs waiver of interest under section 220(2) for demands arising from rectification that disallows rebates incorrectly allowed on incomes chargeable at special rates, provided the taxpayer pays the demand by the specified deadline; if not paid by that deadline, interest under section 220(2) will be charged from the day after the period specified in sub-section (1) of section 220.</description>
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    <pubDate>Fri, 19 Sep 2025 00:00:00 +0530</pubDate>
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      <title>Waiver of Interest under Section 220(2) on Delayed Demand Payment Due to Incorrect Claim of Rebate under Section 87A - Order under section 119 of the Income-tax Act, 1961</title>
      <link>https://www.taxtmi.com/circulars?id=68804</link>
      <description>The Board directs waiver of interest under section 220(2) for demands arising from rectification that disallows rebates incorrectly allowed on incomes chargeable at special rates, provided the taxpayer pays the demand by the specified deadline; if not paid by that deadline, interest under section 220(2) will be charged from the day after the period specified in sub-section (1) of section 220.</description>
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      <pubDate>Fri, 19 Sep 2025 00:00:00 +0530</pubDate>
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