https://www.taxtmi.com/caselaws?id=71449 The Tribunal upheld the Dy. CIT(A)'s decision to set aside the rectificatory order and directed the ITO to reexamine the issue of interest levy under section 217 after giving the assessee an opportunity to be heard and considering all relevant facts, including the possibility of waiver under Rule 40. The appeal succeeded with further directions for the ITO to address the specific ground of appeal regarding the denial of liability to interest under section 217. en-us Mon, 08 Jun 1992 00:00:00 +0530 Sat, 23 Apr 2011 14:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71449 The Tribunal upheld the Dy. CIT(A)'s decision to set aside the rectificatory order and directed the ITO to reexamine the issue of interest levy under section 217 after giving the assessee an opportunity to be heard and considering all relevant facts, including the possibility of waiver under Rule 40. The appeal succeeded with further directions for the ITO to address the specific ground of appeal regarding the denial of liability to interest under section 217. Case-Laws Income Tax Mon, 08 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71449