1999 (8) TMI 11 - HC - Income Tax

Summary

The High Court of Andhra Pradesh rejected the petitioner's request for waiver of interest under section 220(2A) of the Income-tax Act, 1961 for assessment years 1973-74 and 1979-80. The petitioner's request for waiver under the Time Window Scheme was also denied due to non-compliance with the scheme's conditions. The court directed the petitioner to make a representation to the Central Board of Direct Taxes within a month for further consideration, and proceedings for recovery of the balance interest were kept on hold for four months. No costs were awarded.