https://www.taxtmi.com/caselaws?id=24044 The court ruled in favor of the assessee, determining that the Income-tax Officer did not have the authority to increase interest on the enhanced tax liability resulting from an appellate order, as the relevant provisions of the Income-tax Act, 1961 did not allow for such adjustments. The court found that the amendment in 1985 introducing provisions for adjusting interest was not retrospective and did not apply to the assessment year in question. Therefore, the court answered question No. 2 in the negative, leading to a judgment in favor of the assessee without awarding costs to either party. en-us Mon, 23 Jan 1989 00:00:00 +0530 Sat, 16 Jan 2010 11:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24044 The court ruled in favor of the assessee, determining that the Income-tax Officer did not have the authority to increase interest on the enhanced tax liability resulting from an appellate order, as the relevant provisions of the Income-tax Act, 1961 did not allow for such adjustments. The court found that the amendment in 1985 introducing provisions for adjusting interest was not retrospective and did not apply to the assessment year in question. Therefore, the court answered question No. 2 in the negative, leading to a judgment in favor of the assessee without awarding costs to either party. Case-Laws Income Tax Mon, 23 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24044