https://www.taxtmi.com/caselaws?id=70554 The Appellate Tribunal partially allowed the departmental appeal in the case challenging the cancellation of an order enhancing interest under section 139(8) of the Income Tax Act. The Tribunal upheld the rectification order issued by the Income Tax Officer, increasing the interest for two months due to a calculation error. It was determined that the treatment of advance tax paid in the interest calculation was permissible, leading to a reduction in the interest charged to the assessee. The judgment clarified the scope of rectification under section 154 and provided relief by adjusting the interest amount accordingly. en-us Wed, 24 Oct 1979 00:00:00 +0530 Mon, 18 Apr 2011 09:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70554 The Appellate Tribunal partially allowed the departmental appeal in the case challenging the cancellation of an order enhancing interest under section 139(8) of the Income Tax Act. The Tribunal upheld the rectification order issued by the Income Tax Officer, increasing the interest for two months due to a calculation error. It was determined that the treatment of advance tax paid in the interest calculation was permissible, leading to a reduction in the interest charged to the assessee. The judgment clarified the scope of rectification under section 154 and provided relief by adjusting the interest amount accordingly. Case-Laws Income Tax Wed, 24 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70554