What is the time-limit for passing order under section 220(2A)?

The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or
Commissioner must pass order, either accepting or rejecting assessee’s application, to reduce or waive interest, within a period of 12 months from the end of the month in which application is received. Also no order rejecting the application shall be passed unless the assessee has been given an opportunity of being heard.

Leave a Reply

Your email address will not be published. Required fields are marked *