https://www.taxtmi.com/caselaws?id=20835 The High Court overturned the Appellate Tribunal's decision to cancel interest under Section 216 of the Income-tax Act, 1961, finding discrepancies in the company's explanations and criticizing the Tribunal for admitting new evidence improperly. The Court emphasized the need for fair fact-finding processes and adherence to legal procedures in tax assessments, directing the Tribunal to reconsider the appeal following due process. The case highlighted the importance of transparency and consistency in decision-making and ensuring parties are given a fair chance to present their case. en-us Tue, 05 Jan 1993 00:00:00 +0530 Tue, 17 Nov 2009 14:13:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20835 The High Court overturned the Appellate Tribunal's decision to cancel interest under Section 216 of the Income-tax Act, 1961, finding discrepancies in the company's explanations and criticizing the Tribunal for admitting new evidence improperly. The Court emphasized the need for fair fact-finding processes and adherence to legal procedures in tax assessments, directing the Tribunal to reconsider the appeal following due process. The case highlighted the importance of transparency and consistency in decision-making and ensuring parties are given a fair chance to present their case. Case-Laws Income Tax Tue, 05 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20835