what is the difference between section 215 & 234b
akash patni (industry) (74 Points)
28 July 2009what is the difference between section 215 & 234b
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 29 July 2009
Mr.Akash patni
The provisions of sub-section (4) of section 215 empowers the Assessing Officer to reduce or waive the interest payable by the assessee. But there is no such provision in section 234B.
Best Wishes
Sathikonda
CAclubindia
