Waiver of 234abc interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2012
Is there any case law similar to the decision as laid down in T.P. Indrakumar vs. ITO in (2009) 29 DTR (Kar) 311 where it was held that levy of interest u/s 234A and 234B was not justified when an assessee voluntarily offers additional income to avoid further probe and to buy peace with the Department?
19 April 2012
No interest u/s 234A, B & C are mandatory and the A.O. has no power in not charging yes there are rules to get it wived as per income tax rules by the CIT or CCIT as the case may be
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
