https://www.taxtmi.com/caselaws?id=55552 The Tribunal allowed the appeal, affirming the assessee's entitlement to interest under section 214 of the Income Tax Act based on the regular assessment. The Tribunal held that interest could only be granted until the date of the regular assessment, but if the interest due on that date is not paid within the specified time limit, further interest can be allowed. The decision overruled the Gujarat High Court ruling and denied the claim for interest on interest by the assessee. en-us Fri, 08 Aug 1997 00:00:00 +0530 Sat, 27 Nov 2010 16:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55552 The Tribunal allowed the appeal, affirming the assessee's entitlement to interest under section 214 of the Income Tax Act based on the regular assessment. The Tribunal held that interest could only be granted until the date of the regular assessment, but if the interest due on that date is not paid within the specified time limit, further interest can be allowed. The decision overruled the Gujarat High Court ruling and denied the claim for interest on interest by the assessee. Case-Laws Income Tax Fri, 08 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55552