High Court orders Appellate Tribunal to refer interest cancellation question under Income-tax Act

The High Court directed the Appellate Tribunal to refer a question of law regarding the cancellation of interest charged under section 201(1A) for the assessment year 1984-85, as requested by the Revenue in an application under section 256(2) of the Income-tax Act, 1961. The court allowed the application.

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The Revenue filed an application under section 256(2) of the Income-tax Act, 1961, requesting the High Court to direct the Appellate Tribunal to refer a question regarding the cancellation of interest charged under section 201(1A) for the assessment year 1984-85. The High Court found the question to be a question of law and directed the Tribunal to refer it for the court's opinion. The application was allowed.

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