https://www.taxtmi.com/caselaws?id=418191 The court rejected the petitioner's challenge to an order under Section 264 of the Income Tax Act, 1961, regarding the treatment of interest income. Despite the ITAT deleting additions for certain years, the Department appealed to the High Court. Emphasizing judicial discipline, the court set aside the impugned order, remanding for denovo consideration. The court highlighted the need to follow higher appellate orders unless suspended, to avoid harassment to taxpayers and chaos in tax administration. The respondent was directed to comply with the ITAT order unless stayed, provide a personal hearing, and relevant judgments for the petitioner's response, ensuring procedural fairness. en-us Mon, 31 Jan 2022 00:00:00 +0530 Fri, 29 Apr 2022 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418191 The court rejected the petitioner's challenge to an order under Section 264 of the Income Tax Act, 1961, regarding the treatment of interest income. Despite the ITAT deleting additions for certain years, the Department appealed to the High Court. Emphasizing judicial discipline, the court set aside the impugned order, remanding for denovo consideration. The court highlighted the need to follow higher appellate orders unless suspended, to avoid harassment to taxpayers and chaos in tax administration. The respondent was directed to comply with the ITAT order unless stayed, provide a personal hearing, and relevant judgments for the petitioner's response, ensuring procedural fairness. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418191