https://www.taxtmi.com/caselaws?id=25402 The court held that interest under section 214 of the Income-tax Act, 1961 is payable up to the date of the order of rectification. The interpretation was based on a Circular Instruction issued by the Central Board of Direct Taxes, allowing interest calculation up to the rectification order date in cases requiring adjustment of the regular assessment. The court found that the instruction aimed to benefit the assessee by determining the interest payable date. Therefore, the assessee was entitled to interest on the refundable amount up to the rectification order date, as per the powers of the Central Board of Direct Taxes. en-us Fri, 10 Apr 1987 00:00:00 +0530 Thu, 28 Jan 2010 13:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25402 The court held that interest under section 214 of the Income-tax Act, 1961 is payable up to the date of the order of rectification. The interpretation was based on a Circular Instruction issued by the Central Board of Direct Taxes, allowing interest calculation up to the rectification order date in cases requiring adjustment of the regular assessment. The court found that the instruction aimed to benefit the assessee by determining the interest payable date. Therefore, the assessee was entitled to interest on the refundable amount up to the rectification order date, as per the powers of the Central Board of Direct Taxes. Case-Laws Income Tax Fri, 10 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25402