https://www.taxtmi.com/caselaws?id=193563 The ITAT ruled in favor of the assessee, holding that the grant of interest on unpaid interest was justified based on legal precedents. The ITAT concluded that the Assessing Officer had no jurisdiction to rectify the order, allowing the appeal of the assessee against the withdrawal of interest on unpaid interest already granted. The decision emphasized the significance of legal precedents and the accurate application of tax laws in determining entitlement to interest on unpaid interest under the Income-tax Act, 1961. en-us Thu, 11 Jul 2013 00:00:00 +0530 Sat, 05 Aug 2017 14:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193563 The ITAT ruled in favor of the assessee, holding that the grant of interest on unpaid interest was justified based on legal precedents. The ITAT concluded that the Assessing Officer had no jurisdiction to rectify the order, allowing the appeal of the assessee against the withdrawal of interest on unpaid interest already granted. The decision emphasized the significance of legal precedents and the accurate application of tax laws in determining entitlement to interest on unpaid interest under the Income-tax Act, 1961. Case-Laws Income Tax Thu, 11 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193563