https://www.taxtmi.com/caselaws?id=24214 The High Court of GAUHATI ruled in favor of the petitioner, Sookerating Tea Co. (P.) Ltd., in a case concerning the computation of interest under the Income-tax Act, 1961. The court held that payments made during the financial year, even if not on the due date, should be considered for interest calculation. The court directed the Income-tax Officer to include a specific amount in the calculation and recompute the interest before issuing a revised demand. This decision ensures a fair assessment and aligns with the provisions of the Income-tax Act, 1961. en-us Thu, 28 Jul 1988 00:00:00 +0530 Mon, 18 Jan 2010 15:47:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24214 The High Court of GAUHATI ruled in favor of the petitioner, Sookerating Tea Co. (P.) Ltd., in a case concerning the computation of interest under the Income-tax Act, 1961. The court held that payments made during the financial year, even if not on the due date, should be considered for interest calculation. The court directed the Income-tax Officer to include a specific amount in the calculation and recompute the interest before issuing a revised demand. This decision ensures a fair assessment and aligns with the provisions of the Income-tax Act, 1961. Case-Laws Income Tax Thu, 28 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24214