https://www.taxtmi.com/caselaws?id=345582 The High Court upheld the Tribunal's decision to quash the order sustaining levy of interest under Sections 201(1) and 201(1A) of the Income Tax Act, 1961, due to exceeding the limitation period for Assessment Year 1994-95. The Court emphasized the need for independent examination of delay in passing the order under Section 201(1) and 201(1A) in each case. The appeal was allowed in favor of the Revenue, setting aside the Tribunal's judgment and remanding the matter for a fresh order to determine the justification of the delay. en-us Mon, 10 Jul 2017 00:00:00 +0530 Wed, 13 Dec 2017 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345582 The High Court upheld the Tribunal's decision to quash the order sustaining levy of interest under Sections 201(1) and 201(1A) of the Income Tax Act, 1961, due to exceeding the limitation period for Assessment Year 1994-95. The Court emphasized the need for independent examination of delay in passing the order under Section 201(1) and 201(1A) in each case. The appeal was allowed in favor of the Revenue, setting aside the Tribunal's judgment and remanding the matter for a fresh order to determine the justification of the delay. Case-Laws Income Tax Mon, 10 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345582