Hello sir,
Whether Assessing officer is having the power to waive or reduce the demand raised u/s 220(2) ??
5 Replies
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 15 June 2017
no only cit has the power to waive 220(2) interest
Pranav Madathil
(Student)
(32 Points)
Replied 15 June 2017
Thank you sir, as per 2A, the only Chief commissioner or commissioner can waive or reduce the demand. So we have to go for appeal right ??
rama krishnan
(12244 Points)
Replied 15 June 2017
not appeal but apply before the administrative CIT for waiver of interest stating the hardship if the interest is not waived, your cooperation in completing any proceedings etc
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