https://www.taxtmi.com/caselaws?id=26683 The High Court found that the Tribunal erred in concluding that there was no apparent mistake in the original order under section 154 of the Income-tax Act, 1961. The failure to levy interest constituted an error apparent on the face of the record. The Court clarified that the non-consideration of interest did not amount to a waiver, as the Income-tax Officer lacked jurisdiction to waive interest exceeding Rs. 1,000 without prior approval. Therefore, the Court ruled in favor of the Revenue, holding that the interest should have been levied, and no costs were awarded to the assessee. en-us Sat, 09 Nov 1985 00:00:00 +0530 Sat, 06 Feb 2010 17:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26683 The High Court found that the Tribunal erred in concluding that there was no apparent mistake in the original order under section 154 of the Income-tax Act, 1961. The failure to levy interest constituted an error apparent on the face of the record. The Court clarified that the non-consideration of interest did not amount to a waiver, as the Income-tax Officer lacked jurisdiction to waive interest exceeding Rs. 1,000 without prior approval. Therefore, the Court ruled in favor of the Revenue, holding that the interest should have been levied, and no costs were awarded to the assessee. Case-Laws Income Tax Sat, 09 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26683