The CBDT has issued Circular No. 11/2017 dated 24.03.2017 which encompasses an Order u/s 119(2)(a) of the Income-tax Act, 1961. By the said Circular, the CBDT has stipulated guidelines for waiver of interest charged under section 201(1A)(i)of the Income-tax Act, 1961 for failure / default in deducting TDS under Chapter XVIIB of the Act. The CBDT has specified the class of cases in which the reduction or waiver of interest u/s 201(1A)(i) can be considered