https://www.taxtmi.com/caselaws?id=35048 The Bombay High Court clarified that the term "tax" under Section 249(4) of the Income Tax Act does not include interest. The court emphasized the distinction between "tax" and "interest" as defined in the Act, favoring an interpretation that preserves remedies for taxpayers. Referring to a Supreme Court judgment, the court affirmed the Tribunal's view and rejected the inclusion of interest within the scope of "tax." Consequently, the court declined to frame a legal question remanded to the C.I.T. (Appeal), leading to the disposal of the appeal. en-us Thu, 26 Jun 2008 00:00:00 +0530 Fri, 11 Dec 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35048 The Bombay High Court clarified that the term "tax" under Section 249(4) of the Income Tax Act does not include interest. The court emphasized the distinction between "tax" and "interest" as defined in the Act, favoring an interpretation that preserves remedies for taxpayers. Referring to a Supreme Court judgment, the court affirmed the Tribunal's view and rejected the inclusion of interest within the scope of "tax." Consequently, the court declined to frame a legal question remanded to the C.I.T. (Appeal), leading to the disposal of the appeal. Case-Laws Income Tax Thu, 26 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35048