https://www.taxtmi.com/caselaws?id=17212 The court allowed the writ petition, setting aside the impugned orders of the tax authorities and ruling that interest under section 215 of the Income-tax Act could not be levied based on revised assessments for periods before April 1, 1985. The court held that the Assessing Officer exceeded jurisdiction in levying interest on revised assessments and that interest should be calculated based on the original assessment. The court heavily relied on the Supreme Court decision in Modi Industries Ltd. v. CIT, which clarified the interpretation of "regular assessment" under section 215. en-us Mon, 22 Sep 1997 00:00:00 +0530 Tue, 15 Sep 2009 18:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17212 The court allowed the writ petition, setting aside the impugned orders of the tax authorities and ruling that interest under section 215 of the Income-tax Act could not be levied based on revised assessments for periods before April 1, 1985. The court held that the Assessing Officer exceeded jurisdiction in levying interest on revised assessments and that interest should be calculated based on the original assessment. The court heavily relied on the Supreme Court decision in Modi Industries Ltd. v. CIT, which clarified the interpretation of "regular assessment" under section 215. Case-Laws Income Tax Mon, 22 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17212