https://www.taxtmi.com/caselaws?id=31268 The High Court upheld the Tribunal's decision to cancel the levy of interest under section 217(1A) of the Income-tax Act, 1961, in favor of the assessee. The Court relied on the presumption of extension of time due to the pending application for revising the income estimate, following relevant case law. The judgment favored the assessee, with no order as to costs. en-us Wed, 16 May 2007 00:00:00 +0530 Sat, 25 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31268 The High Court upheld the Tribunal's decision to cancel the levy of interest under section 217(1A) of the Income-tax Act, 1961, in favor of the assessee. The Court relied on the presumption of extension of time due to the pending application for revising the income estimate, following relevant case law. The judgment favored the assessee, with no order as to costs. Case-Laws Income Tax Wed, 16 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31268