Dismissing the petition the Court held that ; rejection of application by holding that levy of interest under S. 234A, 234B and 234C was automatic and same could not be waived. Court also held that, the order passed by Chief Commissioner was in accordance with CBDT . (AY. 2005-06)
Gaonkar Mines v. Addl. CIT (2018) 252 Taxman 158 (Karn.)(HC)
S. 234A : Interest – Default in furnishing return of income –Waiver of interest- Rejection of application was held to be valid [ S. 40(a)(ia) , 234B, 234C ]