https://www.taxtmi.com/caselaws?id=77613 The High Court dismissed the Revenue's appeal for the assessment year 1996-97, upholding the Tribunal's decision. The Court found no infirmity in the Commissioner's order regarding the legal issue of reopening and the deletion of disallowance of interest notionally calculated. It stated that no substantial question of law arose for consideration, and there was no basis to take a different view from that of the Tribunal. The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal based on the invalidity of the proceedings under section 147 and the lack of merit in the addition of notional interest. en-us Fri, 01 Aug 2008 00:00:00 +0530 Wed, 10 Jun 2026 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77613 The High Court dismissed the Revenue's appeal for the assessment year 1996-97, upholding the Tribunal's decision. The Court found no infirmity in the Commissioner's order regarding the legal issue of reopening and the deletion of disallowance of interest notionally calculated. It stated that no substantial question of law arose for consideration, and there was no basis to take a different view from that of the Tribunal. The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal based on the invalidity of the proceedings under section 147 and the lack of merit in the addition of notional interest. Case-Laws Income Tax Fri, 01 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77613