https://www.taxtmi.com/caselaws?id=31180 The High Court dismissed the appeal filed by the appellant-revenue against the ITAT's decision to delete interest under Section 215/217 of the Income Tax Act, 1961. The Court relied on previous cases where interest was charged under Section 234B due to changes in provisions but applied the old provisions in this case as the assessment was prior to the effective date of the new provisions. Emphasizing the similarity between the relevant sections, the Court upheld the deletion of interest, highlighting the importance of consistency and precedent in tax assessments. en-us Mon, 28 Apr 2008 00:00:00 +0530 Wed, 22 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31180 The High Court dismissed the appeal filed by the appellant-revenue against the ITAT's decision to delete interest under Section 215/217 of the Income Tax Act, 1961. The Court relied on previous cases where interest was charged under Section 234B due to changes in provisions but applied the old provisions in this case as the assessment was prior to the effective date of the new provisions. Emphasizing the similarity between the relevant sections, the Court upheld the deletion of interest, highlighting the importance of consistency and precedent in tax assessments. Case-Laws Income Tax Mon, 28 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31180