https://www.taxtmi.com/caselaws?id=18250 The Court ruled in favor of the petitioner, directing the respondent to refund the excess tax paid of Rs. 1,14,886 with interest. The Court emphasized that the petitioner was entitled to interest under section 244(1A) of the Income-tax Act from February 1, 1990, to April 11, 1991, amounting to Rs. 16,435. It was found that the respondent had not served proper notice before revising the assessment, violating principles of natural justice. The Court ordered immediate refund of the amount and allowed for interest on the wrongfully withheld sum, emphasizing compliance with legal procedures for adjustments. en-us Tue, 05 Dec 1995 00:00:00 +0530 Tue, 29 Sep 2009 16:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18250 The Court ruled in favor of the petitioner, directing the respondent to refund the excess tax paid of Rs. 1,14,886 with interest. The Court emphasized that the petitioner was entitled to interest under section 244(1A) of the Income-tax Act from February 1, 1990, to April 11, 1991, amounting to Rs. 16,435. It was found that the respondent had not served proper notice before revising the assessment, violating principles of natural justice. The Court ordered immediate refund of the amount and allowed for interest on the wrongfully withheld sum, emphasizing compliance with legal procedures for adjustments. Case-Laws Income Tax Tue, 05 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18250