https://www.taxtmi.com/caselaws?id=276794 Interest paid by the Government under section 18A(5) of the Income-tax Act, 1922, was held not to be "relief" within section 34(1)(b) because it compensated for advance tax payment and did not reduce taxable income, profits, or gains assessed on regular assessment. The term "relief" in the reopening provision was confined to items such as exemptions or deductions granted in respect of taxable income, not to interest later adjusted in computing net tax payable. As tax, penalty, and interest were treated as distinct concepts, the reopening notice and reassessment were without jurisdiction and the appeal failed. en-us Wed, 11 Mar 1959 00:00:00 +0530 Sat, 17 Nov 2018 14:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276794 Interest paid by the Government under section 18A(5) of the Income-tax Act, 1922, was held not to be "relief" within section 34(1)(b) because it compensated for advance tax payment and did not reduce taxable income, profits, or gains assessed on regular assessment. The term "relief" in the reopening provision was confined to items such as exemptions or deductions granted in respect of taxable income, not to interest later adjusted in computing net tax payable. As tax, penalty, and interest were treated as distinct concepts, the reopening notice and reassessment were without jurisdiction and the appeal failed. Case-Laws Income Tax Wed, 11 Mar 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276794