https://www.taxtmi.com/caselaws?id=432868 The ITAT ruled in favor of the Assessee, directing the Assessing Officer to adjust the refund granted towards interest payable before adjusting against the principal tax refund. The decision emphasized fairness and justice, aligning with the Income Tax Act provisions. The ITAT differentiated the case from a Supreme Court judgment, allowing the Assessee's appeal for both assessment years 1983-84 and 1984-85, with the findings for 1983-84 applying to 1984-85 as well. en-us Wed, 11 Jan 2023 00:00:00 +0530 Fri, 13 Jan 2023 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432868 The ITAT ruled in favor of the Assessee, directing the Assessing Officer to adjust the refund granted towards interest payable before adjusting against the principal tax refund. The decision emphasized fairness and justice, aligning with the Income Tax Act provisions. The ITAT differentiated the case from a Supreme Court judgment, allowing the Assessee's appeal for both assessment years 1983-84 and 1984-85, with the findings for 1983-84 applying to 1984-85 as well. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432868