https://www.taxtmi.com/caselaws?id=20530 The court held that an appeal against a rectification order under section 154 is competent under section 246(f), as it is part of the assessment process. The original order of assessment can be rectified under section 154 even if interest liability under section 215 is automatic. The Income-tax Officer is not obliged to consider reducing or waiving interest at the time of assessment. The court clarified that the Officer can exercise discretion without the assessee's application. Failure to pass an order for levying interest may imply a waiver. The decisions favored the assessee on issues 1 and 2 but favored the Revenue on issue 3. en-us Wed, 10 Mar 1993 00:00:00 +0530 Sat, 14 Nov 2009 15:28:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20530 The court held that an appeal against a rectification order under section 154 is competent under section 246(f), as it is part of the assessment process. The original order of assessment can be rectified under section 154 even if interest liability under section 215 is automatic. The Income-tax Officer is not obliged to consider reducing or waiving interest at the time of assessment. The court clarified that the Officer can exercise discretion without the assessee's application. Failure to pass an order for levying interest may imply a waiver. The decisions favored the assessee on issues 1 and 2 but favored the Revenue on issue 3. Case-Laws Income Tax Wed, 10 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20530