Hi all can settlement commission can waive off the mandatory interest levied under Sec- 234 A, B, C.
Please qoute relevent sections and case laws.
Thanx in advance
3 Replies
Siddarth R Sunder Ram
(Finance Professional)
(230 Points)
Replied 28 August 2011
I don't think so. I think only the CBDT has the power to waive off interest under Section 234A, B and C. Just confirm this or wait for others to give their opinion..
CA Shruti kuchhal
(CA )
(427 Points)
Replied 29 August 2011
But as per the case of A. G. M Ghaswala it can waive off the interest to the extent it can be waived off by IT Authorities
please correct me if i am wrong
CA Shruti kuchhal
(CA )
(427 Points)
Replied 29 August 2011
sorry the case law was Anjum. M.H. Ghaswala not A.G.M Ghaswala
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