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Showing contexts for: WAIVER OF INTEREST U/S 234A in C.G. Uthappa , Mysore vs Assessee on 7 June, 2016Matching Fragments
4. The ld.CIT(A) is not justified in sustaining a sum of Rs.2,89,000/- out of the agricultural income declared by the assessee as income from other sources under the facts and in the circumstances of the assessee's case.
4.1 The addition made is purely on suspicion and surmise, assumptions and presumptions and therefore, the same requires to be allowed.
5. Without prejudice to the right to seek waiver with the Hon 'ble CCIT/DG, the assessee denies himself liable to be charged to interest u/s 234A, 234B and 234C of the Act, which under the facts and in the circumstances of the assessee's case and the levy deserves to be cancelled.