https://www.taxtmi.com/caselaws?id=408249 The Court upheld the petitioner's contention that the interest amount should be spread over multiple years for tax assessment. However, as the petitioner failed to prove zero tax liability and the interest spreading would still attract tax, the Court dismissed the Writ Petition, stating that refund could only be ordered if no tax liability existed. The petitioner's inability to demonstrate zero tax liability led to the dismissal of the petition. en-us Thu, 25 Mar 2021 00:00:00 +0530 Fri, 04 Jun 2021 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408249 The Court upheld the petitioner's contention that the interest amount should be spread over multiple years for tax assessment. However, as the petitioner failed to prove zero tax liability and the interest spreading would still attract tax, the Court dismissed the Writ Petition, stating that refund could only be ordered if no tax liability existed. The petitioner's inability to demonstrate zero tax liability led to the dismissal of the petition. Case-Laws Income Tax Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408249