https://www.taxtmi.com/caselaws?id=193716 The Tribunal allowed all appeals filed by the assessee and dismissed the appeals filed by the revenue. It upheld the assessee's claim that interest should not be deducted from the enhanced refund, in line with previous decisions and legal principles. The Tribunal found the issue debatable, quashed the rectification orders, and emphasized that debatable legal points cannot be rectified under section 154 of the Income Tax Act. The decision favored the assessee, concluding that the rectification orders reducing the interest granted were not valid, supported by legal precedents. en-us Fri, 01 Apr 2016 00:00:00 +0530 Thu, 17 Aug 2017 08:40:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193716 The Tribunal allowed all appeals filed by the assessee and dismissed the appeals filed by the revenue. It upheld the assessee's claim that interest should not be deducted from the enhanced refund, in line with previous decisions and legal principles. The Tribunal found the issue debatable, quashed the rectification orders, and emphasized that debatable legal points cannot be rectified under section 154 of the Income Tax Act. The decision favored the assessee, concluding that the rectification orders reducing the interest granted were not valid, supported by legal precedents. Case-Laws Income Tax Fri, 01 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193716