Order passed byCommissioner u/s.264 of the Income Tax Act.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Dated : June 3, 1978 Section(s) Referred: 220 ,264 Statute: Income - Tax Act, 1961 Recently a case was referred to the Board wherein the Commissioner sought a clarification whether interest c....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sed u/s.264 is also subject to the provision for reduction/waiver of interest chargeable u/s.220(2) in the Act, it will not be permissible for the CIT to allow such reduction/waiver through an order u....