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of <h1>Assessee wins appeal challenging interest charge omission under Income-tax Act</h1> <h3>JAYANTILAL & CO. Versus INCOME TAX OFFICER.</h3> The appeal was allowed by ITAT Ahmedabad-A in favor of the assessee, who challenged the AAC of Income-tax's order for omitting to charge interest under s. ... - The appeal was filed by the assessee against the AAC of Income-tax's order regarding the omission to charge interest under s. 217(A) IT Act. The assessment year was 1971-72, and the ITO later directed interest to be charged under s. 154(1)(a) IT Act. The assessee argued that the failure to complete the assessment within a year was not its fault, leading to the waiver of interest. The ITAT Ahmedabad-A agreed with the assessee, and the appeal was allowed.
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