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of <h1>Delhi High Court Upholds ITAT Decision on Income Tax Interest Appeal</h1> <h3>The Pr. Commissioner Of Income Tax -1 Versus General Electric Power Systems Inc, Ge Wind Energy GMBH, General Electric Canada Company, Ge Jenbacher Gmbh & Co., Ge Caledonian Ltd, Ge Engine Services Mcallen Lp And The Commissioner Of Income Tax - International Versus Ge Engine Service Distribution LLC, Nuovo Pignone Spa</h3> The Pr. Commissioner Of Income Tax -1 Versus General Electric Power Systems Inc, Ge Wind Energy GMBH, General Electric Canada Company, Ge Jenbacher Gmbh & ... The High Court of Delhi dismissed the Revenue's appeal regarding interest levied under Section 234-B of the Income Tax Act, 1961. The decision was based on a previous ruling in favor of the assessee, citing the case 'Director of Income-Tax vs. GE Packaged Power Inc.' The Court stated that the ITAT did not err in following the previous order. The parties will be bound by the Supreme Court's ruling in pending appeals.
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