M/s.V.R.Farms Pvt Ltd vs. Deputy Commissioner of Income Tax

The appeals are dismissed

Bench: P.SAM KOSHY,SUDDALA CHALAPATHI RAO

245D(4) and (6), did not have the power to reduce or waive interest statutorily payable under sections 234A, 234B and 234C except to the extent of granting relief under the circulars issued by the Board under section 119 of the Act. 12. Reliance was also placed by the learned counsel for the revenue on the Bombay High Court decision

The Comissioner of Income Tax III, vs. Smt. Shanti Singh,

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY