Interest Waiver Denied for Advance Tax Default u/s 234B Due to Unspent Amounts and Disallowed Expense Deductions.

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....Waiver of Interest for defaults in payment of advance tax u/s 234B rejected - since the entire amount was not spent the question of any allowable expenses being deducted in computing the income from the profits and gains of the appellant does not arise. - Interest not waived - HC....