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genuine hardship

Sini Mol (13 Points)

24 February 2018

I would like to know what is genuine hardship under section 220(2A) . Also an example for geniune hardship

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Nishant (Assistant) (1095 Points)
Replied 24 February 2018

u/s 220 (2A) CIT or PCIT may waive or reduce interest on demand if it causes genuine hardship to assessee. The word is not defined in act. therefore it should be understood in its commercial sense.

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