Sec. 234A of the Income-tax Act, 1961 – Interest – Appellant filed three appeals arise out of a common order passed by the Judge sitting in the Insolvency Jurisdiction on three applications taken out by the Official Assignee. High Court decided the appeals holding that “The Insolvency Court itself can consider the question of waiver of interest in terms of the power conferred under Section 7 and in the light of the provisions of the Income Tax Act, together with the quantum of funds available and the distribution already made. We are fortified with the view taken by us by a decision of the Supreme Court in Johrilal Vs. Bhanwari [AIR 1977 SC 2202], which arose in terms of Section 4 of the Provincial Towns Insolvency Act, 1920, which is in pari materia with Section 7 of the Presidency Towns Insolvency Act”. Revenue filed SLPs but withdrew the same. Thus, SLPs dismissed as withdrawn – CIT Vs. OFFICIAL ASSIGNEE [2020] 269 TAXMAN 558 (SC)