https://www.taxtmi.com/caselaws?id=12840 Interest under section 215(3) of the Income-tax Act, 1961, as it then stood, permitted only reduction of interest where a rectification or recomputation order reduced the amount on which interest was payable. It did not authorise levy or enhancement of additional interest on the basis of orders under sections 154 and 155. On that statutory text, the Assessing Officer had no power to increase the assessee's interest liability pursuant to rectification, and the additional interest could not be levied. en-us Wed, 04 Jul 2001 00:00:00 +0530 Fri, 22 May 2009 14:56:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12840 Interest under section 215(3) of the Income-tax Act, 1961, as it then stood, permitted only reduction of interest where a rectification or recomputation order reduced the amount on which interest was payable. It did not authorise levy or enhancement of additional interest on the basis of orders under sections 154 and 155. On that statutory text, the Assessing Officer had no power to increase the assessee's interest liability pursuant to rectification, and the additional interest could not be levied. Case-Laws Income Tax Wed, 04 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12840