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Excerpt: Sure, you can apply before Commissioner of Income tax or Chief Commissioner of Income Tax , on plane paper u/s 220(2A) which says : “Chief Commissioner or Commissioner may reduce or waive the amount of interest paid or payable by an assessee under the said sub-section if he is satisfied that (i) payment of such amount has caused or would cause genuine hardship to the assessee ; (ii) default in the payment of the amount on which interest [has been paid or] was payable under the said sub-section was due to circumstances beyond the control of the assessee ; and …