https://www.taxtmi.com/caselaws?id=400664 The court allowed the Writ Petition challenging the assessment of income tax liability for a block period under the Income Tax Act, 1961. The court held that the surcharge and interest levied could not be sustained based on legal precedent, but confirmed the assessment in all other aspects. The portion of the assessment imposing surcharge with interest was deleted. The petitioner was granted the opportunity to pursue further remedies within the legal framework, and no costs were imposed on either party. en-us Wed, 07 Oct 2020 00:00:00 +0530 Thu, 12 Nov 2020 12:51:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400664 The court allowed the Writ Petition challenging the assessment of income tax liability for a block period under the Income Tax Act, 1961. The court held that the surcharge and interest levied could not be sustained based on legal precedent, but confirmed the assessment in all other aspects. The portion of the assessment imposing surcharge with interest was deleted. The petitioner was granted the opportunity to pursue further remedies within the legal framework, and no costs were imposed on either party. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400664