High Court Orders Broader Interpretation of Interest Waiver u/s 234C; Reassessment by Chief Commissioner Required.

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....Waiver of interest u/s 234C - Paragraph 2(b) of the notification cannot be read restrictively, to mean that waiver of interest u/s 234 'C' is available only to cases of windfall, since that would be too myopic - Chief Commissioner of Income Tax directed to reconsider - HC....