https://www.taxtmi.com/caselaws?id=37415 The High Court of Allahabad upheld the validity of rectification of an assessment order under s. 154 of the Income Tax Act, 1961 for the assessment year 1967-68. The court ruled in favor of the department, allowing the rectification to add interest to the assessment order. The court held that rectification was permissible for computational errors, even if interest was not initially charged, and rejected arguments that interest should be included in the assessment order itself or that the ITO had the jurisdiction to waive or reduce interest. The Commissioner of Income-tax was awarded costs of Rs. 200. en-us Tue, 20 Feb 1979 00:00:00 +0530 Mon, 29 Mar 2010 15:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37415 The High Court of Allahabad upheld the validity of rectification of an assessment order under s. 154 of the Income Tax Act, 1961 for the assessment year 1967-68. The court ruled in favor of the department, allowing the rectification to add interest to the assessment order. The court held that rectification was permissible for computational errors, even if interest was not initially charged, and rejected arguments that interest should be included in the assessment order itself or that the ITO had the jurisdiction to waive or reduce interest. The Commissioner of Income-tax was awarded costs of Rs. 200. Case-Laws Income Tax Tue, 20 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37415