1999 (1) TMI 31 - HC - Income Tax

Summary

The High Court of Kerala ruled on a case involving a partnership firm challenging orders under section 220(2A) of the Income-tax Act, 1961. The firm sought rectification of interest calculation and waiver of interest payments. The court found that the firm did not demonstrate genuine financial hardship for interest waiver under section 220(2A) but granted relief under section 217 for delay in assessment completion. The original petition was partially allowed.