2001 (2) TMI 18

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.... Monga, learned counsel for the petitioner, and Shri Harish N. Salve, learned Solicitor General for the respondents. In this special leave petition the assessee has assailed the order dated August 19, 1999 (see [2000] 242 ITR 401) of the Punjab and Haryana High Court confirming the order dated May 11, 1999, passed by the Director General of Income-tax (Investigation) Delhi and NW Region, respon....

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....In this case u ndisputedly there was delay of four months 28 days in filing the return by the assessee. The assessee took the plea that the delay was caused in getting copies of the relevant documents which had been seized by the department in the course of search and seizure proceedings. The assessee placed reliance on the provision in section 234A of the Income-tax Act and the circular of the Ce....

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....f the Income-tax Act which vests power in the Board to pass general or special order for waiver of interest under the provisions specified therein including sections 234A, 234B and 234C of the Income-tax Act. No such power is vested in the Board so far as the interest leviable under section 158BFA(1) is concerned. We have perused the papers and considered the submissions of learned counsel appe....