https://www.taxtmi.com/caselaws?id=14399 The High Court ruled against the assessee, holding that interest under section 216 could not be challenged during reassessment under section 147 if it was not contested during the original assessment or through available appeal remedies. The Court emphasized that reassessment proceedings do not nullify the original assessment entirely and highlighted the importance of challenging interest levies at the appropriate stage. The Court concluded that the assessee's failure to challenge the interest levy earlier favored the Revenue's position, ultimately rejecting the claim to appeal against the interest levy during reassessment. en-us Thu, 01 Mar 2001 00:00:00 +0530 Wed, 15 Jul 2009 16:10:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14399 The High Court ruled against the assessee, holding that interest under section 216 could not be challenged during reassessment under section 147 if it was not contested during the original assessment or through available appeal remedies. The Court emphasized that reassessment proceedings do not nullify the original assessment entirely and highlighted the importance of challenging interest levies at the appropriate stage. The Court concluded that the assessee's failure to challenge the interest levy earlier favored the Revenue's position, ultimately rejecting the claim to appeal against the interest levy during reassessment. Case-Laws Income Tax Thu, 01 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14399