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2012 (10) TMI 843 - KERALA HIGH COURTInterest u/s 234A, 234B and 234C - non maintenance of proper books of accounts - application for waiver of interest rejected - Held that:- Power of waiver has been conferred on the Chief Commissioner and the Director General by virtue of the Board's notification dated 23.5.1996. Notification also provide in clauses (a) to (e), the circumstances in which the waiver can be granted. The contention raised by the assessee that on account of a bona fide mistake, they could not file the return or pay tax in time cannot be said to be one which is covered by any one of the circumstances mentioned in notification - rejection of claim for waiver of interest cannot be said to be illegal - against assessee.
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