https://www.taxtmi.com/caselaws?id=406636 The Tax Case Appeal was allowed in favor of the Revenue, with the matter being remitted back to the Assessing Officer for reconsideration. The Court emphasized that interest on delayed payment can only be claimed by the assessee, and no additional interest on such statutory interest is payable, in line with Supreme Court and Delhi High Court judgments. The Assessing Officer was directed to follow the rulings of the higher courts and pass orders after giving notice to the assessee. en-us Thu, 15 Apr 2021 00:00:00 +0530 Tue, 13 Jul 2021 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406636 The Tax Case Appeal was allowed in favor of the Revenue, with the matter being remitted back to the Assessing Officer for reconsideration. The Court emphasized that interest on delayed payment can only be claimed by the assessee, and no additional interest on such statutory interest is payable, in line with Supreme Court and Delhi High Court judgments. The Assessing Officer was directed to follow the rulings of the higher courts and pass orders after giving notice to the assessee. Case-Laws Income Tax Thu, 15 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406636