https://www.taxtmi.com/caselaws?id=243420 The High Court upheld the validity of the rectification order by the Appellate Tribunal, stating that the Tribunal was justified in considering the judgment and rectifying its earlier decision. Additionally, the Court affirmed the correct application of interest provisions under section 234D of the Income-tax Act, 1961, emphasizing that interest should be levied from June 1, 2003, regardless of the assessment year. The appeal was dismissed in favor of the Revenue, concluding that the Tribunal's actions were valid and the law was correctly applied. en-us Thu, 03 Oct 2013 00:00:00 +0530 Sat, 21 Feb 2015 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243420 The High Court upheld the validity of the rectification order by the Appellate Tribunal, stating that the Tribunal was justified in considering the judgment and rectifying its earlier decision. Additionally, the Court affirmed the correct application of interest provisions under section 234D of the Income-tax Act, 1961, emphasizing that interest should be levied from June 1, 2003, regardless of the assessment year. The appeal was dismissed in favor of the Revenue, concluding that the Tribunal's actions were valid and the law was correctly applied. Case-Laws Income Tax Thu, 03 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243420