Waiver of interest u/s 220 (2A) required co-existence of three condition mentioned therein: HC

Jitendra M. Doshi Vs Chief Commissioner of Income Tax Central-1 (Bombay High Court)

In the abovementioned matter HC observed that all three conditions mentioned in section 220 (2A) were not co-existed and hence writ petition is liable to be dismissed.

Writ petition was filed by legal representative of the assessee challenging the order passed by CCIT rejecting application for waiver of interest u/s 220 (2A) which provides discretionary powers to the CCIT to waive or reduce the interest levied on delayed payment of tax.

It was submitted on behalf of the petitioner that

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