https://www.taxtmi.com/caselaws?id=18207 The High Court of Patna ruled in favor of the assessee, holding that interest could not be charged in reassessment proceedings under sections 143(3)/147/263 of the Income-tax Act, 1961. The Court overturned the decision of the Appellate Assistant Commissioner and canceled the interest charged by the Income-tax Officer. Despite arguments by the Revenue citing divergent opinions among High Courts, the Court sided with the assessee, considering legal provisions and precedents. The judgment appreciated the assistance of the assessee's counsel in reaching this decision. en-us Tue, 25 Jun 1996 00:00:00 +0530 Tue, 29 Sep 2009 14:31:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18207 The High Court of Patna ruled in favor of the assessee, holding that interest could not be charged in reassessment proceedings under sections 143(3)/147/263 of the Income-tax Act, 1961. The Court overturned the decision of the Appellate Assistant Commissioner and canceled the interest charged by the Income-tax Officer. Despite arguments by the Revenue citing divergent opinions among High Courts, the Court sided with the assessee, considering legal provisions and precedents. The judgment appreciated the assistance of the assessee's counsel in reaching this decision. Case-Laws Income Tax Tue, 25 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18207