application filed by it for waiver of interest under section 220(2A) of the Income-tax Act, 1961 (hereinafter referred ... under section 220(2) of the Act from the petitioner. A written representation to the Central Board was given under section 220(2A) for waiver
applied for the
waiver under Section 220(2A) of the Income Tax Act,
1961,[hereinafter referred to as 'Act']. For the Assessment Year ... would further submit that, the three conditions
referred to under Section 220(2A) were satisfied by the assessee and
inspite of the fact that
submitted by the writ petitioner claiming waiver of interest
under Section 220(2A) of the Income Tax Act, 1961.
2. The petitioner has stated that ... section 2 of 220, he is
entitled to claim waiver of interest by filing an application under Section
220(2A
under Section 220(2A) of the Act (page 87) :
"When an application is filed under Sub-section (2A) of Section 220 the authority concerned ... interest under Section 220(2) of the Act.
26. In so far as the conditions mentioned in Section 220(2A) of the Act are concerned
Subsequently, the petitioner filed an
application under Section 220(2A)(ii)(iii) of the Act for waiver of the penal
interest ... that the
respondent failed to appreciate properly the scope of Section 220(2A) of the
Income Tax Act, 1961, more particularly clauses
submitted by the writ petitioner claiming waiver of interest
under Section 220(2A) of the Income Tax Act, 1961.
2. The petitioner has stated that ... section 2 of 220, he is
entitled to claim waiver of interest by filing an application under Section
220(2A
power under section 220(2A) of the Act:
"When an application is filed under sub-section (2A) of section 220 , the authority concerned ... levy of interest under section 220(2) .
22. Insofar as the conditions mentioned in section 220(2A) are concerned, it is imperative that the Commissioner
quash the impugned order u/s. 220 (2A) of the Income
Tax, 1961 passed by the 1st respondent in DIN and Letter
Nos.ITBA ... levied under Section 220 (2) has to be awarded if the assessee fulfills or
satisfies all the conditions under Section 220 (2A) of the Income
particular
situation, it has done so like in Section 220(2A) of the Act.
(para. 19) The Apex Court further held that ... noted that waiver or reduction of interest under Section 220
(2A) and other provisions is hedged with certain conditions. If
these conditions are satisfied
first respondent herein, dated October 29, 1990, passed under Section 220(2A) of the Income-tax Act, 1961.
2. The case of the petitioner-company ... Taxes for waiver or reduction of the said interest under Section 220(2A) of the Income-tax Act, 1961. In the meanwhile, the power
