https://www.taxtmi.com/caselaws?id=39067 The court ruled in favor of the petitioner company, recognizing it as a company in which the public were substantially interested for tax purposes. The Appellate Assistant Commissioner's decision led to a revised assessment, resulting in a refundable amount of Rs. 4,28,260.40. Regarding interest entitlement under sections 214 and 244 of the Income-tax Act, the court allowed interest under section 244 but rejected the claim under section 214, emphasizing that a "regular assessment" includes assessments made to comply with appellate directions. The court set aside the Commissioner's order denying interest under section 214, directing reconsideration in line with the court's interpretation. en-us Tue, 24 Feb 1976 00:00:00 +0530 Mon, 12 Apr 2010 13:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39067 The court ruled in favor of the petitioner company, recognizing it as a company in which the public were substantially interested for tax purposes. The Appellate Assistant Commissioner's decision led to a revised assessment, resulting in a refundable amount of Rs. 4,28,260.40. Regarding interest entitlement under sections 214 and 244 of the Income-tax Act, the court allowed interest under section 244 but rejected the claim under section 214, emphasizing that a "regular assessment" includes assessments made to comply with appellate directions. The court set aside the Commissioner's order denying interest under section 214, directing reconsideration in line with the court's interpretation. Case-Laws Income Tax Tue, 24 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39067