https://www.taxtmi.com/caselaws?id=19129 An assessment order that omits consideration of statutory interest under section 215, without an express waiver, may be treated as erroneous and prejudicial to the interests of the Revenue and revised under section 263. On the facts stated, the Income-tax Officer had not expressly considered or dropped the levy of interest, and no implied waiver could be inferred under rule 40. The revisional jurisdiction was therefore properly invoked, and the Commissioner's order was upheld in favour of the Revenue. en-us Tue, 01 Nov 1994 00:00:00 +0530 Wed, 04 Nov 2009 12:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19129 An assessment order that omits consideration of statutory interest under section 215, without an express waiver, may be treated as erroneous and prejudicial to the interests of the Revenue and revised under section 263. On the facts stated, the Income-tax Officer had not expressly considered or dropped the levy of interest, and no implied waiver could be inferred under rule 40. The revisional jurisdiction was therefore properly invoked, and the Commissioner's order was upheld in favour of the Revenue. Case-Laws Income Tax Tue, 01 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19129