HC dismisses Tamil actor RS Suriya’s request of interest waiver as conditions of Sec. 220(2A) not complied with

INCOME TAX : In order to avail a waiver of interest under section 220(2A), Chief Commissioner or Commissioner of Income Tax has to be satisfied that payment of amount demanded would cause genuine hardship to assessee; that default in payment of amount was due to circumstances beyond assessee’s control, and; assessee had co-operated in any inquiry relating to assessment or any proceeding for recovery of any amount due from himINCOME TAX : In order to avail a waiver of interest under section 220(2A), Chief Commissioner or Commissioner of Income Tax has to be satisfied that payment of amount demanded would cause genuine hardship to assessee; that default in payment of amount was due to circumstances beyond assessee’s control, and; assessee had co-operated in any inquiry relating to assessment or any proceeding for recovery of any amount due from himwww.taxmann.com Latest Case LawsRead More

Leave a Reply