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of <h1>Revenue's Appeal Upheld, ITAT Overturns CIT (A) Decision on Interest Limitation</h1> <h3>INCOME TAX OFFICER. Versus VINCENT & CO. (P) LTD.</h3> The Revenue's appeal against the CIT (A)'s direction on interest under s. 217(1A) was successful. The ITAT held that the CIT (A) should not have limited ... - The Revenue appealed regarding the direction given by CIT (A) on charging interest under s. 217(1A). CIT (A) directed to limit the interest charge, which was contested by the Revenue. ITAT held that CIT (A) should not have given such a direction and allowed the appeal.
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