Waiver of Interest U/s 234 & 220
This query is : Resolved
Quick Summary
17 January 2020
There is an outstanding demand in respect of Interest u/s 234 A,B & C for AY 0910,1011,1112 &1213 on the income tax portal & a notice came to the assessee for payments towards the same along with interest u/s 220 on the same.
Can the same be waived off by the department directly as Tax component has been paid off & now only interest is pending or is it viable to go for appeal on the same.
Can the same be waived off by the department directly as Tax component has been paid off & now only interest is pending or is it viable to go for appeal on the same.
17 January 2020
No waiver as per law. Therefore, appeal may also fail.
Amol S Joglekar
(Expert)
17 January 2020
you can, however try for revision u/s 264
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