https://www.taxtmi.com/caselaws?id=439862 The HC set aside the Settlement Commission's order concerning the addition of interest income, finding it contrary to law due to inadequate reasoning and lack of adherence to principles of natural justice. The court agreed with the petitioner's view on interest accrual on Government securities, reinforcing that interest accrues only on specified dates. The matter was remanded to the Interim Board for further proceedings in accordance with legal standards. The petition was disposed of accordingly. en-us Fri, 23 Jun 2023 00:00:00 +0530 Wed, 06 Nov 2024 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439862 The HC set aside the Settlement Commission's order concerning the addition of interest income, finding it contrary to law due to inadequate reasoning and lack of adherence to principles of natural justice. The court agreed with the petitioner's view on interest accrual on Government securities, reinforcing that interest accrues only on specified dates. The matter was remanded to the Interim Board for further proceedings in accordance with legal standards. The petition was disposed of accordingly. Case-Laws Income Tax Fri, 23 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439862