Income-tax Officer may exercise the discretion conferred on him u/s 220(6).

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.... under section 220(6) of the Income-tax Act in the light of the aforesaid Instruction, the Income-tax Officer can ask for suitable security being furnished by the assessee before the Income-tax Officer agrees to treat the assessee as not being in default within the meaning of the said section. 3. Section 220(6) specifically provides that the Income-tax Officer may exercise the discretion conferre....