https://www.taxtmi.com/caselaws?id=213865 The High Court set aside the Single Judge's order in a case challenging the assessing authority's decision under the Income Tax Act, allowing the appellants to pursue statutory appeal remedies. The Court declined to rule on the validity of Circular No 8/2009, emphasizing that the appellate authority should decide appeals based on the law. Concerning interest calculation, the Court directed authorities to recalculate interest up to the date of payment by deductees, highlighting the compensatory nature of interest under the Act. Writ Petitions and Appeals were disposed of with parties bearing their own costs. en-us Wed, 14 Mar 2012 00:00:00 +0530 Sat, 09 Jun 2012 07:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213865 The High Court set aside the Single Judge's order in a case challenging the assessing authority's decision under the Income Tax Act, allowing the appellants to pursue statutory appeal remedies. The Court declined to rule on the validity of Circular No 8/2009, emphasizing that the appellate authority should decide appeals based on the law. Concerning interest calculation, the Court directed authorities to recalculate interest up to the date of payment by deductees, highlighting the compensatory nature of interest under the Act. Writ Petitions and Appeals were disposed of with parties bearing their own costs. Case-Laws Income Tax Wed, 14 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213865