https://www.taxtmi.com/caselaws?id=20360 The High Court ruled in favor of the petitioner, quashing the notice issued under section 154 of the Income-tax Act. The court emphasized the importance of determining the correct regular assessment date for interest calculations under section 214 of the Act. It found that the impugned notice was issued without proper consideration, as the authorities' grievance was related to the interest amount, not the assessment date. The judgment underscores the necessity of adhering to legal principles in administrative actions, ultimately making the rule absolute with no order as to costs. en-us Thu, 17 Sep 1992 00:00:00 +0530 Fri, 13 Nov 2009 15:15:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20360 The High Court ruled in favor of the petitioner, quashing the notice issued under section 154 of the Income-tax Act. The court emphasized the importance of determining the correct regular assessment date for interest calculations under section 214 of the Act. It found that the impugned notice was issued without proper consideration, as the authorities' grievance was related to the interest amount, not the assessment date. The judgment underscores the necessity of adhering to legal principles in administrative actions, ultimately making the rule absolute with no order as to costs. Case-Laws Income Tax Thu, 17 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20360