https://www.taxtmi.com/caselaws?id=67985 The Appellate Tribunal upheld the decision of the CIT(A) in a case involving a dispute over the levy of interest under section 215 in a subsequent assessment following a direction by the Commissioner under section 263. The Tribunal determined that the subsequent assessment, triggered by the Commissioner's directive, did not qualify as a 'Regular assessment' as per judicial interpretations post-amendment in 1985. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the correctness of the assessee's position and the rectification under section 154. en-us Tue, 24 Nov 1987 00:00:00 +0530 Wed, 16 Mar 2011 12:10:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67985 The Appellate Tribunal upheld the decision of the CIT(A) in a case involving a dispute over the levy of interest under section 215 in a subsequent assessment following a direction by the Commissioner under section 263. The Tribunal determined that the subsequent assessment, triggered by the Commissioner's directive, did not qualify as a 'Regular assessment' as per judicial interpretations post-amendment in 1985. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the correctness of the assessee's position and the rectification under section 154. Case-Laws Income Tax Tue, 24 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67985