Sec. 234A

Sec. 234A, Sec. 234B, Sec. 234C, Section 119, Section 245

S.C : Whether the Settlement Commission (for short “the Commission”) constituted under s. 245B of the IT Act, 1961 (hereinafter referred to as ‘the Act’) has the jurisdiction to reduce or waive the interest chargeable under ss. 234A, 234B & 234C of the Act, while passing orders of settlement under s. 245D(4) of the Act ?

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Supreme Court Of India CIT vs. Anjum M.H. Ghaswala & Ors. Sections 119, 234A, 234B, 234C, 245A(b), 245D(4), 245D(6) Asst.

Sec. 234A, Sec. 234B

Allahabad H.C : This writ petition has been filed praying for quashing of the order, dt. 7th Sept., 1998 (Annexure 7 to the petition), and the demand notice dt. 30th March, 1995 (Annexure 4 to the petition), in respect of interest under ss. 234A and 234B of the IT Act, 1961, and for a mandamus restraining the respondents from realising interest under those sections.

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High Court Of Allahabad Buland Motor & Land Finance (P) Ltd. vs. Assistant Commissioner of Income Tax & Ors. Sections

Sec. 119(2)(a), Sec. 234A, Sec. 234B, Sec. 234C, Section 119, Section 234

Madras H.C : Condition No. 5 in the circular issued by the CBDT [F.No. 400/234/95-IT(B) dt. 23rd May, 1996— Ed.] which empowers the Chief CITs and Directors General (Investigation) to reduce or waive penal interest for late submission of return of income, non-payment or inadequate payment of advance tax.

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High Court Of Madras P. Velu Chettiar vs. CCIT & Anr. Section 119(2)(a), 234A, 234B, 234C, Asst. year 1993-94 to

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