Plea for waiver of interest can't be rejected just by citing that assessee had assets in balance sheet

INCOME TAX: Assessee's plea of genuine hardship for waiver of interest under section 220(2A) could not have been rejected by revenue without calling for additional particulars, just by citing reason, that assessee was having land and machineries as even balance sheet of assessee did not reflect any liquid cash, deposit, share capital or debentures in name of assessee

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