665/CBDT.

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.... 217(1A) , Rule 40(5) of IT Rules Statute: Income - Tax Act, 1961 Rule 40(5) of the Income-tax Rules, 1962 empowers the Inspecting Assistant Commissioner to reduce or waive interest payable unde....

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....the extent of the interest on difference between (i) the tax demanded under section 210 or paid according to their own estimate under section 212 in the status of registered firm and (ii) the tax comp....