Interest on Tax Delays Not Waivable for Assessee's Legal Misunderstanding; No Statutory Provision for Waiver.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Interest on delayed payment of tax - There is no provision in the statute which permits waiver of interest on account of misunderstanding of the position in law on the part of an Assessee.....