M/S K LAKSHMANYA AND COMPANY vs. COMMISSIONER OF INCOME TAX
The appeal is dismissed in terms of the signed order
C.A. No.-004335-004335 - 2012Supreme Court01 Nov 2017
Bench: HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN
Section 241Section 244
233 ITR 370 and with reference to the CBDT circular
which enabled the Settlement Commission to waive interest. An
appeal by the Revenue to the Income-Tax Appellate Tribunal (ITAT)
3
was dismissed. However, in appeal to the High Court, by the
impugned judgment dated 09.12.2009, the High Court of Karnataka
held that, since waiver of interest was within
