Clarification regarding waiver of interest claimed on the basis of Press Note dated 21-5-1996

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Full Text of the Document

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....ses in which reduction or waiver of interest under section 234A, B & C would be considered by the Chief Commissioner of Income-tax and Director General of Income-tax. Prior to the issue of the order a Press Note was released on 21-5-1996 with a view to give wide publicity to the major step contemplated by the Board towards mitigating hardship in genuine cases. 2. However, the instances have come ....