https://www.taxtmi.com/caselaws?id=27221 The High Court held that interest could not be charged under section 217 without specific conditions being met. The Tribunal's decision, overturning the Appellate Assistant Commissioner's order, was based on the absence of a mistake in failing to charge interest. The High Court rejected the reference application under section 256(2), emphasizing the need for factual clarity on rule 40 and section 217's application. The judgment highlighted the case's complexity, requiring a factual assessment rather than a purely legal determination, and left the parties to bear their own costs. en-us Fri, 25 May 1984 00:00:00 +0530 Thu, 11 Feb 2010 15:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27221 The High Court held that interest could not be charged under section 217 without specific conditions being met. The Tribunal's decision, overturning the Appellate Assistant Commissioner's order, was based on the absence of a mistake in failing to charge interest. The High Court rejected the reference application under section 256(2), emphasizing the need for factual clarity on rule 40 and section 217's application. The judgment highlighted the case's complexity, requiring a factual assessment rather than a purely legal determination, and left the parties to bear their own costs. Case-Laws Income Tax Fri, 25 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27221