https://www.taxtmi.com/caselaws?id=185116 The High Court ruled against the Assessee on all issues, including the levy of surcharge for the block assessment period, applicability of the proviso to Section 113, and the levy and quantification of interest u/s 158BFA(1) of the Income-tax Act. The Court held that the surcharge should be levied from the inception of Chapter XIVB of the Act, and interest is a statutory provision not linked to compensatory nature. The appeal was allowed in favor of the Revenue, with the surcharge issue subject to the Supreme Court's final decision. en-us Tue, 26 Feb 2013 00:00:00 +0530 Mon, 01 Aug 2016 12:46:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185116 The High Court ruled against the Assessee on all issues, including the levy of surcharge for the block assessment period, applicability of the proviso to Section 113, and the levy and quantification of interest u/s 158BFA(1) of the Income-tax Act. The Court held that the surcharge should be levied from the inception of Chapter XIVB of the Act, and interest is a statutory provision not linked to compensatory nature. The appeal was allowed in favor of the Revenue, with the surcharge issue subject to the Supreme Court's final decision. Case-Laws Income Tax Tue, 26 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185116