https://www.taxtmi.com/caselaws?id=12273 The Tribunal ruled in favor of the Revenue, allowing the withdrawal of interest under section 244(1A) of the Income-tax Act, 1961. It held that the Income-tax Officer was not justified in withdrawing interest previously allowed to the assessee, emphasizing that the concept of "regular assessment" was complex and subject to legal precedents. The decision highlighted the significance of adhering to statutory provisions and legal principles in determining an assessee's entitlement to interest on excess tax payments, ultimately resolving the dispute over the eligibility for interest under section 244(1A). en-us Mon, 05 Aug 2002 00:00:00 +0530 Sat, 20 Feb 2010 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12273 The Tribunal ruled in favor of the Revenue, allowing the withdrawal of interest under section 244(1A) of the Income-tax Act, 1961. It held that the Income-tax Officer was not justified in withdrawing interest previously allowed to the assessee, emphasizing that the concept of "regular assessment" was complex and subject to legal precedents. The decision highlighted the significance of adhering to statutory provisions and legal principles in determining an assessee's entitlement to interest on excess tax payments, ultimately resolving the dispute over the eligibility for interest under section 244(1A). Case-Laws Income Tax Mon, 05 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12273