https://www.taxtmi.com/caselaws?id=151965 The Tribunal upheld the Commissioner of Income-tax (Appeals) decision in favor of the assessee-bank, dismissing the Department's appeals. It emphasized compliance with procedural requirements before filing appeals and the impact of judicial decisions and legislative amendments on tax obligations. The Tribunal ruled that the assessee-bank was not obligated to deduct tax on compensatory city allowance based on the jurisdictional High Court's decision during the relevant assessment years, but upheld the recovery of short deductions resulting from a retrospective amendment. The appeals against interest levied under section 201(1A) were also dismissed. en-us Wed, 14 Feb 2001 00:00:00 +0530 Thu, 20 Jun 2013 12:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151965 The Tribunal upheld the Commissioner of Income-tax (Appeals) decision in favor of the assessee-bank, dismissing the Department's appeals. It emphasized compliance with procedural requirements before filing appeals and the impact of judicial decisions and legislative amendments on tax obligations. The Tribunal ruled that the assessee-bank was not obligated to deduct tax on compensatory city allowance based on the jurisdictional High Court's decision during the relevant assessment years, but upheld the recovery of short deductions resulting from a retrospective amendment. The appeals against interest levied under section 201(1A) were also dismissed. Case-Laws Income Tax Wed, 14 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151965