2009 (12) TMI 576

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..... advance tax - interest liability under sections 234B and 234C at Rs. 1 lakh with direction to the Department to refund excess if any collected or otherwise limit the recovery to Rs.1 lakh under sections 234B and 234C of the Act - - - - - Dated:- 17-12-2009 - RAMACHANDRAN NAIR C. N., MOHANAN V. K., JJ JUDGMENT C. N. Ramachandran Nair J.- Appeal is filed against the judgment of the .....

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..... (e) of the notification deal with the same subject, that is circumstances for waiver of interest under section 234A. However, for waiver of interest payable under sections 234B and 234C, application has to be considered with specific reference to clauses (b), (c) and (d) of the notification. While clause (a) refers to disability of an assessee from filing return on account of search and seizure an .....

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..... Vijayan Nair, counsel appearing for the respondent-assessee, pointed out the peculiar circumstances of the case and the nature of income assessed in this case. The amount assessed is the compensation received by the assessee for surrendering tenancy rights to the building owner. There was controversy as to whether income itself is assessable and if so under what head. Ultimately total income of ar .....

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