https://www.taxtmi.com/caselaws?id=61904 The Tribunal partly allowed the appeal, directing the Assessing Officer to revise the levy of interest under section 220(2) by excluding the period for which the refunded amount of Rs. 1,60,000 was involved, and to recalculate the interest on the balance amount of Rs. 31,231 from 1-10-1980. The Tribunal also clarified that the issue was not debatable, and rectification under section 154 was applicable. en-us Fri, 12 Feb 1999 00:00:00 +0530 Sat, 15 Jan 2011 18:59:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61904 The Tribunal partly allowed the appeal, directing the Assessing Officer to revise the levy of interest under section 220(2) by excluding the period for which the refunded amount of Rs. 1,60,000 was involved, and to recalculate the interest on the balance amount of Rs. 31,231 from 1-10-1980. The Tribunal also clarified that the issue was not debatable, and rectification under section 154 was applicable. Case-Laws Income Tax Fri, 12 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61904