https://www.taxtmi.com/caselaws?id=24058 The High Court ruled in favor of the assessee, holding that interest was not chargeable on the enhanced tax liability under sections 154/155 before April 1, 1985. The court affirmed the Tribunal's decision to set aside the interest charged by the Income-tax Officer for the assessment years in question. It clarified that section 217(lA) was not applicable to subsequent orders under sections 154/155, emphasizing the change in the law post the specified date for interest calculations. en-us Tue, 24 Jan 1989 00:00:00 +0530 Sat, 16 Jan 2010 13:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24058 The High Court ruled in favor of the assessee, holding that interest was not chargeable on the enhanced tax liability under sections 154/155 before April 1, 1985. The court affirmed the Tribunal's decision to set aside the interest charged by the Income-tax Officer for the assessment years in question. It clarified that section 217(lA) was not applicable to subsequent orders under sections 154/155, emphasizing the change in the law post the specified date for interest calculations. Case-Laws Income Tax Tue, 24 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24058