[aaykarbhavan] Payment of interest/penalty in first instance does not lead to waiver of penalty as waiver is at discretion of CIT

Payment of interest/penalty in first instance does not lead to waiver of penalty as waiver is at discretion of CIT

October 9, 2014[2014] 49 taxmann.com 182 (Delhi)/[2014] 361 ITR 73 (Delhi)/[2014] 265 CTR 332 (Delhi)

IT : In order to qualify for relief under section 273A, question of making payment of penalty and interest in first instance can not arise because if such a construction is adopted, object of conferring discretion on Commissioner itself would be defeated

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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