https://www.taxtmi.com/caselaws?id=67813 The Appellate Tribunal ITAT Jaipur dismissed 9 departmental appeals consolidated for convenience, ruling in favor of the assessee. The dispute centered on the interpretation of "regular assessment" under sections 215/217 of the IT Act. The Tribunal held that the ITO lacked jurisdiction to charge interest beyond the original assessment period under section 143, citing the Supreme Court precedent in ITO vs. Volkart Bros. and Ors. The decision emphasized the debatable nature of the issue and concluded that interest could not be levied beyond the original assessment. en-us Thu, 14 Jan 1982 00:00:00 +0530 Mon, 14 Mar 2011 17:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67813 The Appellate Tribunal ITAT Jaipur dismissed 9 departmental appeals consolidated for convenience, ruling in favor of the assessee. The dispute centered on the interpretation of "regular assessment" under sections 215/217 of the IT Act. The Tribunal held that the ITO lacked jurisdiction to charge interest beyond the original assessment period under section 143, citing the Supreme Court precedent in ITO vs. Volkart Bros. and Ors. The decision emphasized the debatable nature of the issue and concluded that interest could not be levied beyond the original assessment. Case-Laws Income Tax Thu, 14 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67813