TaxTMI 
TaxTMI 
1995 (3) TMI 83
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....lates to waiver of interest under sections 234A and 234B of the Income-tax Act, 1961. Petitioners Nos. 1 to 3 are partnership-firms who were conducting abkari business during 1989-90 to 1991-92 in different ranges in Ernakulam Excise Division. Shri A. P. Kuruvilla was a partner in all the three firms at the relevant time. Exhibit P-1 is the representation filed by the said A. P. Kuruvilla represe....
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....ome-tax has ordered instalment facility for payment of the tax portion of the demand raised under section 143(1)(a) and, accordingly, the tax portion, viz., Rs. 1,19,460, should be paid in eight monthly instalments at the rate of Rs. 15,000 each from the month of July, 1993, onwards. The interest portion of the demand raised under section 143(1)(a) amounting to Rs. 1,43,280 is kept in abeyance. Si....
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.... In that view of the matter, exhibit P-5 proceedings of the Deputy Commissioner of Income-tax vacating the stay already granted as per exhibits P-2 to P-4 cannot be legally sustained. In this connection, it has to be noted that there is no express power of review in the Income-tax Act authorising the Deputy Commissioner of Income-tax to review the order passed in a stay application. The only power....