https://www.taxtmi.com/caselaws?id=9584 The Court upheld the demand notice issued under section 156 of the Income-tax Act for excess interest paid by the Government to the company. The Court found that the Assessing Officer's error led to corrective actions by the Tribunal and Chief Commissioner, making the demand notice sustainable under rectification proceedings initiated under section 154 of the Act and subsequent adjudication under section 244A(2). The challenge was dismissed due to the lack of merit in the petitioner's technical objection and failure to contest the Chief Commissioner's order. en-us Wed, 06 Jul 2005 00:00:00 +0530 Sat, 27 Jun 2009 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9584 The Court upheld the demand notice issued under section 156 of the Income-tax Act for excess interest paid by the Government to the company. The Court found that the Assessing Officer's error led to corrective actions by the Tribunal and Chief Commissioner, making the demand notice sustainable under rectification proceedings initiated under section 154 of the Act and subsequent adjudication under section 244A(2). The challenge was dismissed due to the lack of merit in the petitioner's technical objection and failure to contest the Chief Commissioner's order. Case-Laws Income Tax Wed, 06 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9584