https://www.taxtmi.com/caselaws?id=253762 The court found the demand for interest beyond January 1990 unjustified and directed the respondents to reduce the interest amount demanded to Rs. 25,000, providing a final settlement for the petitioner's claims. The court remanded the matter to the respondents with instructions to collect the reduced interest amount, clarifying that no further interest should be demanded from October 2005 onwards. Failure to pay the specified amount would allow the respondents to take legal action against the petitioner. en-us Thu, 13 Nov 2014 00:00:00 +0530 Wed, 03 Dec 2014 10:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253762 The court found the demand for interest beyond January 1990 unjustified and directed the respondents to reduce the interest amount demanded to Rs. 25,000, providing a final settlement for the petitioner's claims. The court remanded the matter to the respondents with instructions to collect the reduced interest amount, clarifying that no further interest should be demanded from October 2005 onwards. Failure to pay the specified amount would allow the respondents to take legal action against the petitioner. Case-Laws Income Tax Thu, 13 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253762