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Income Tax - Highlights / Catch Notes

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Waiver of Interest under section 234B - the petitioner was ...


Court Grants Partial Interest Waiver to Petitioner u/s 234B Due to Stay Orders from 1989 to 2001.

May 1, 2021

Case Laws     Income Tax     HC

Waiver of Interest under section 234B - the petitioner was indeed entitled for partial waiver of interest under section 234 B of the Income Tax Act, 1961 inasmuch as there was stay granted by this court on 6.1.1989 and on 12.6.1989. These orders continued to be in force as these writ petition filed by the petitioner came to be allowed on 19.12.19 94 and was reversed only on 31.1.2001. - HC

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