https://www.taxtmi.com/caselaws?id=389054 The High Court of Madhya Pradesh upheld the decision of the Income Tax Appellate Tribunal, Indore, regarding the allowance of rebate and compounding fee to M.P. Financial Corporation Ltd. The court emphasized the proper interpretation of the system of charging interest and rebate, the admissibility of the appeal under Section 260-A, and the applicability of a previous judgment in a related case. The Tribunal's decision to allow the rebate and quash the order under Section 263 was supported based on established principles. en-us Mon, 18 Nov 2019 00:00:00 +0530 Fri, 29 Nov 2019 11:28:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389054 The High Court of Madhya Pradesh upheld the decision of the Income Tax Appellate Tribunal, Indore, regarding the allowance of rebate and compounding fee to M.P. Financial Corporation Ltd. The court emphasized the proper interpretation of the system of charging interest and rebate, the admissibility of the appeal under Section 260-A, and the applicability of a previous judgment in a related case. The Tribunal's decision to allow the rebate and quash the order under Section 263 was supported based on established principles. Case-Laws Income Tax Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389054