2011 (1) TMI 1173

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....n these petitions, the petitioner has sought to quash the order dated 11.2.2009 at Annexure-B; order dated 23.3.2010 at Annexure-D passed by the 1st respondent; issue a writ of prohibition restraining the 2nd respondent from proceeding to recover the outstanding demand of interest charged under Sections 234B and 234C of the Income Tax Act, 1961 (for short IT Act) and, to issue a writ of mandamus d....

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.... under Sections 234A, 234B and 234C of the IT Act was not paid since he was seeking waiver by making an application to the 1st respondent under Section 119(2)(a) of the IT Act. The 1st respondent rejected the application except giving relief by waiving interest under Section 234A of the IT Act to the extent levied, retaining the levy of interest under Sections 234B and 234C of the IT Act vide Anne....

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....cular too covers the power of the Chief Commissioner of Income Tax Which he failed to exercise, much less, he has not assigned any reasons to opine that the assessee is not entitled for the exemption as per Section 234-B and 234-C of the IT Act.   6. Sri M.V. Sheshachala, learned standing counsel for the respondents submitted that the circular does not apply to the case on hand. Therefore,....