CIT duly empowered to decline request for waiver of interest U/s. 234C – HC

Brief of the Case

High court held In the case of The Fertilizers and Chemicals Travancore Ltd. vs. DCIT & CCIT that the CCIT is empowered and authorized to waive interest under section 234C only if the assessee case falls any of the two cases mentioned in notification dated 26/6/2006 for the income tax authorities to exercise the power under section 119(2)(a). The present case does not fall any of these two cases. Also the liability to pay interest has already confirmed by the orders of CIT (A) and

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