https://www.taxtmi.com/caselaws?id=36876 The High Court interpreted Section 154 of the Income Tax Act in a case where the Income Tax Officer rectified an assessment order to withdraw excess interest allowed to the assessee. The Court upheld the Officer's decision, ruling that the rectification was justified as a necessary consequence of an earlier error in allowing excess interest. The Court rejected the Tribunal's finding that the Officer's action was unjustified, emphasizing that there was no controversy regarding the date of admissibility of interest in this case. The department was awarded costs amounting to Rs. 200. en-us Mon, 29 Oct 1979 00:00:00 +0530 Thu, 25 Mar 2010 11:45:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36876 The High Court interpreted Section 154 of the Income Tax Act in a case where the Income Tax Officer rectified an assessment order to withdraw excess interest allowed to the assessee. The Court upheld the Officer's decision, ruling that the rectification was justified as a necessary consequence of an earlier error in allowing excess interest. The Court rejected the Tribunal's finding that the Officer's action was unjustified, emphasizing that there was no controversy regarding the date of admissibility of interest in this case. The department was awarded costs amounting to Rs. 200. Case-Laws Income Tax Mon, 29 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36876