https://www.taxtmi.com/caselaws?id=66572 The Appellate Tribunal ITAT Hyderabad-B held that interest under section 214 could be granted on a refund resulting from a recomputation of income following an appellate order. The Tribunal set aside the Commissioner's order that had revoked the interest granted by the Income-tax Officer, emphasizing the need for a thorough assessment of whether an order is prejudicial to the revenue before intervention under section 263. The Tribunal allowed the appeal for statistical purposes and directed reconsideration by the Commissioner in light of the observations made. en-us Thu, 03 May 1990 00:00:00 +0530 Mon, 28 Feb 2011 12:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66572 The Appellate Tribunal ITAT Hyderabad-B held that interest under section 214 could be granted on a refund resulting from a recomputation of income following an appellate order. The Tribunal set aside the Commissioner's order that had revoked the interest granted by the Income-tax Officer, emphasizing the need for a thorough assessment of whether an order is prejudicial to the revenue before intervention under section 263. The Tribunal allowed the appeal for statistical purposes and directed reconsideration by the Commissioner in light of the observations made. Case-Laws Income Tax Thu, 03 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66572