2014 (8) TMI 1193

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....ent : Sri.A.SHANKAR & Sri.M.LAVA, Advs. JUDGMENT The Revenue has preferred this appeal against the order passed by the learned single Judge who has directed the assessee to pay 20% of the interest demanded under Section 234B of the Income Tax Act, 1961 (for short, hereinafter referred to as the 'Act') as against 100% claimed by the Revenue, thus granting waiver of 20% of the interest demanded. ....

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....apital gain tax of the balance amount. The demand of interest is for the delay in payment of the capital gain tax. 3. The learned single Judge has carefully taken note of the facts and circumstances of the case, the statutory provisions, the Circulars issued and also the orders passed by the Authorities and was of the view that there was no intention to evade payment of tax. The delay is on accou....