https://www.taxtmi.com/caselaws?id=381234 The High Court dismissed the Revenue's appeal regarding the alleged interest payable by the assessee under Section 234B of the Income Tax Act, 1961. The Court found that since the Tribunal had followed established High Court decisions in similar cases, no substantial question of law arose in the present appeal. As a result, the appeal and any pending applications were dismissed, emphasizing the importance of consistency in adhering to legal precedents and the lack of grounds for raising new legal questions when lower tribunals follow established rulings. en-us Thu, 25 Apr 2019 00:00:00 +0530 Thu, 06 Jun 2019 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381234 The High Court dismissed the Revenue's appeal regarding the alleged interest payable by the assessee under Section 234B of the Income Tax Act, 1961. The Court found that since the Tribunal had followed established High Court decisions in similar cases, no substantial question of law arose in the present appeal. As a result, the appeal and any pending applications were dismissed, emphasizing the importance of consistency in adhering to legal precedents and the lack of grounds for raising new legal questions when lower tribunals follow established rulings. Case-Laws Income Tax Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381234