https://www.taxtmi.com/caselaws?id=326598 The High Court of Patna ruled in favor of the revenue and against the assessees in interpreting Section 158 BFA of the Income Tax Act. The court emphasized the necessity of effective communication of jurisdiction transfer under Section 127 for determining the commencement of interest charge. The appeals challenging the charge of interest were dismissed, highlighting the significance of timely compliance with notices and the implications of jurisdiction transfer on interest calculation under the Income Tax Act. en-us Mon, 14 Mar 2016 00:00:00 +0530 Wed, 20 Apr 2016 09:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326598 The High Court of Patna ruled in favor of the revenue and against the assessees in interpreting Section 158 BFA of the Income Tax Act. The court emphasized the necessity of effective communication of jurisdiction transfer under Section 127 for determining the commencement of interest charge. The appeals challenging the charge of interest were dismissed, highlighting the significance of timely compliance with notices and the implications of jurisdiction transfer on interest calculation under the Income Tax Act. Case-Laws Income Tax Mon, 14 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326598