2012 (2) TMI 385 - HC - Income Tax

Order issued by the CIT u/s 220(2A) waiving 50% of the interest due u/s 220(2) appeal declined against such order Held that - CIT(A) order of granting partial relief is not interferred with however, having regard to the fact that the appellant is a widow and the financial constraints stated by her, we grant 12 equal monthly installments to clear the arrears.

Summary

The High Court of Kerala upheld the Chief Commissioner of Income Tax's decision to waive 50% of the interest due under Section 220(2) of the Income Tax Act. The appellant, a widow facing financial constraints, was granted 12 equal monthly installments to clear the arrears, with the first installment due by March 10, 2012.