https://www.taxtmi.com/caselaws?id=21209 For computing interest under section 18A(6) of the Indian Income-tax Act, 1922, the tax determined on regular assessment had to be taken after giving credit for double income-tax relief under section 49D. Because the relief reduced the Indian income-tax actually payable, interest was chargeable only on the shortfall calculated with reference to the reduced tax figure. The timing of the rectification order did not change that position, since the controlling amount remained the correct tax determined on regular assessment. The referred question was answered in favour of the assessee. en-us Thu, 21 Jan 1993 00:00:00 +0530 Fri, 20 Nov 2009 17:24:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21209 For computing interest under section 18A(6) of the Indian Income-tax Act, 1922, the tax determined on regular assessment had to be taken after giving credit for double income-tax relief under section 49D. Because the relief reduced the Indian income-tax actually payable, interest was chargeable only on the shortfall calculated with reference to the reduced tax figure. The timing of the rectification order did not change that position, since the controlling amount remained the correct tax determined on regular assessment. The referred question was answered in favour of the assessee. Case-Laws Income Tax Thu, 21 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21209