2014 (8) TMI 1026

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....IND, SR. STANDING COUNSEL O R D E R H.G.RAMESH, J. (Oral): 1. This writ petition is directed against the order dtd. 10.7.2013 (Annexure-J) passed by the Chief Commissioner (LTU), Bangalore, rejecting the petitioner's application for waiver of interest under Section 234C of the Income Tax Act, 1961. 2. I have heard Sri K.P. Kumar, learned Senior Counsel appearing for the petitioner and Sri K.V.....

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.... submitted that the observation of the Chief Commissioner that the petitioner had paid less advance t ax during the year in question compared to the previous year, is factually not correct. He further submitted that the substantial rise in the business income during the last quarter of the Financial Year 2009-10 was neither anticipated nor was in the contemplation of the assessee. 5. On the facts....