Menu
genuine hardship
I would like to know what is genuine hardship under section 220(2A) . Also an example for geniune hardship
Replies (1)
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.
Recent Threads
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
Related Threads
CAclubindia
