https://www.taxtmi.com/caselaws?id=70790 The tribunal found the appeal by the assessee maintainable as the assessee denied liability for penal interest under section 217. It was established that there was no default in complying with section 209A(1)(b), absolving the assessee from paying interest under section 217. The tribunal dismissed the department's argument on the applicability of section 292B, emphasizing it does not cure omissions in assessment orders. Consequently, the appeal was upheld, the AAC's decision was overturned, and the assessee's appeal was granted. en-us Mon, 06 Jan 1986 00:00:00 +0530 Tue, 19 Apr 2011 12:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70790 The tribunal found the appeal by the assessee maintainable as the assessee denied liability for penal interest under section 217. It was established that there was no default in complying with section 209A(1)(b), absolving the assessee from paying interest under section 217. The tribunal dismissed the department's argument on the applicability of section 292B, emphasizing it does not cure omissions in assessment orders. Consequently, the appeal was upheld, the AAC's decision was overturned, and the assessee's appeal was granted. Case-Laws Income Tax Mon, 06 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70790