Supreme Court · 2001 INSC 519 · Decided 18 October 2001
Commissioner of Income Tax, Mumbai v. Anjum M.H. Ghaswala and ORS.
- Court
- Supreme Court of India
- Citation
- 2001 INSC 519 · [2001] SUPP. 4 S.C.R. 303
- Case number
- CIVIL APPEAL No. 4126/2000
- Decided
- 18 October 2001
- Bench
- A.S. ANAND, K.T. THOMAS, R.C. LAHOTI, N. SANTOSH HEGDE, S.N. VARIAVA (5-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 245D(6)
Headnote
lnocme Tax Act, 1961 : Sections 245D(4) and (6)-AY 1989-90 onwards-Interest-Reduction or waiver of-By Settlement Commission-Powers regarding-Held: The Com­ mission can only stipulate the conditions of payment like instalments, last date for payment etc.-Hence, the Commission d_oes not have the interest statutorily payable under Sections 234A, 234B and 234C except to the extent of granting relief under the Circulars issued by the Board A B c under s .. 119. D Section 119-Central Board of Direct Taxes-Circulars issued b~Statu­ tory force of-Held: Such Circulars have statutory force
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