https://www.taxtmi.com/caselaws?id=23867 The Court rejected the assessee's argument that dropping penalty proceedings automatically negated the chargeability of interest under section 216 of the Income-tax Act. The Court emphasized the differences between sections 216 and 273(a), indicating they were not directly comparable. It was held that convincing arguments would be needed to establish a connection between dropped penalty proceedings and the chargeability of interest under section 216. Consequently, the Court ruled in favor of the Revenue, highlighting the importance of a robust legal basis to link dropped penalty proceedings with interest charges under section 216. en-us Fri, 22 Sep 1989 00:00:00 +0530 Thu, 14 Jan 2010 18:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23867 The Court rejected the assessee's argument that dropping penalty proceedings automatically negated the chargeability of interest under section 216 of the Income-tax Act. The Court emphasized the differences between sections 216 and 273(a), indicating they were not directly comparable. It was held that convincing arguments would be needed to establish a connection between dropped penalty proceedings and the chargeability of interest under section 216. Consequently, the Court ruled in favor of the Revenue, highlighting the importance of a robust legal basis to link dropped penalty proceedings with interest charges under section 216. Case-Laws Income Tax Fri, 22 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23867