https://www.taxtmi.com/caselaws?id=363279 The Appellate Tribunal ITAT Kolkata upheld the Commissioner of Income Tax(Appeals)'s decision to levy interest under section 201(1A) of the Income Tax Act for the Assessment Years 2003-04 and 2004-05. The Tribunal ruled that in the absence of a prescribed time limit in the statute, the Assessing Officer could pass the order at any time, emphasizing the principle of unjust enrichment. The Assessee's appeals were dismissed, and the Tribunal affirmed the order for interest levy. en-us Fri, 06 Jul 2018 00:00:00 +0530 Tue, 10 Jul 2018 09:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363279 The Appellate Tribunal ITAT Kolkata upheld the Commissioner of Income Tax(Appeals)'s decision to levy interest under section 201(1A) of the Income Tax Act for the Assessment Years 2003-04 and 2004-05. The Tribunal ruled that in the absence of a prescribed time limit in the statute, the Assessing Officer could pass the order at any time, emphasizing the principle of unjust enrichment. The Assessee's appeals were dismissed, and the Tribunal affirmed the order for interest levy. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363279