https://www.taxtmi.com/caselaws?id=11381 The High Court upheld the decision of the Appellate Tribunal in confirming the deletion of interest charged under section 216 of the Income-tax Act amounting to Rs. 11,940 for the assessment year 1974-75. The Court found that there was no deliberate default on the part of the assessee, leading to the interest levy being set aside. The matter was disposed of in favor of the assessee, affirming the Tribunal's decision and rejecting the Revenue's argument for remand based on previous decisions. en-us Thu, 22 Jan 2004 00:00:00 +0530 Fri, 07 Aug 2009 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11381 The High Court upheld the decision of the Appellate Tribunal in confirming the deletion of interest charged under section 216 of the Income-tax Act amounting to Rs. 11,940 for the assessment year 1974-75. The Court found that there was no deliberate default on the part of the assessee, leading to the interest levy being set aside. The matter was disposed of in favor of the assessee, affirming the Tribunal's decision and rejecting the Revenue's argument for remand based on previous decisions. Case-Laws Income Tax Thu, 22 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11381