https://www.taxtmi.com/caselaws?id=33297 The Tribunal's cancellation of the rectification order under Section 154 of the I.T. Act, withdrawing the deduction for interest tax on finance charges in hire purchase transactions, was upheld. The court dismissed departmental appeals to prevent potential double taxation on the interest tax refunded to the assessee. The assessee was not entitled to rectification or modification of assessments for the relevant years, and the judgment was provided to the respondent-assessee for information. en-us Wed, 04 Mar 2009 00:00:00 +0530 Sun, 03 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33297 The Tribunal's cancellation of the rectification order under Section 154 of the I.T. Act, withdrawing the deduction for interest tax on finance charges in hire purchase transactions, was upheld. The court dismissed departmental appeals to prevent potential double taxation on the interest tax refunded to the assessee. The assessee was not entitled to rectification or modification of assessments for the relevant years, and the judgment was provided to the respondent-assessee for information. Case-Laws Income Tax Wed, 04 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33297