2026 (9) TMI 2063

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lant : Mr. Pranav Jain, Advocate (through video conferencing), Mr. Avneet Singh, Advocate and Mr. Lovish Juneja, Advocate Mr. Naman Jain, Senior Standing Counsel for the respondents-Union of India. ORDER ASHWANI KUMAR MISHRA, CJ (Oral) 1. This petition seeks to assail the order dated 15.10.2025 (Annexure P-9), refusing to grant the benefit of waiver of interest on delayed deposit of ta....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of the Act of 2017, and since no such proceedings have been initiated herein, the benefit of the aforesaid Circular cannot be claimed by the petitioner. 4. Having examined the respective contentions, we find that the said Circular, which regulates the grant of waiver of interest, reads as under:- Sr. No. Issue Clarification   4. Whether the benefit provided under Section 12....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....5. The clarification clearly makes it explicit that the benefit of waiver of interest is in respect of proceedings initiated under Section 73 of the Act of 2017. 6. In the present case, admittedly, no proceedings under Section 73 of the Act of 2017 were initiated. 7. The petitioner has been called upon to pay interest on the admitted tax liability, which was deposited belatedly. Section 50 o....