Reduction or waiver of interest.

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....th a view to encouraging the assessees to file a higher and true return of income voluntarily for the current and earlier years and pay tax thereon by 31-3-1986. 2. Some of the return filed in pursuance of the aforesaid instructions may in the normal course attract the provisions relating to levy of interest under Section 139(8)/215 or 217 of the Income-tax Act. 3. According to Rule 40(5) of the....