https://www.taxtmi.com/caselaws?id=57473 The ITAT reversed the CIT(A)'s decision and canceled the ITO's orders withdrawing interest under section 244(1A) through section 154. The ITAT held that without a specific provision in section 244(1A) for withdrawal of interest once granted, the ITO lacked authority to withdraw the interest. It emphasized that section 154 could only rectify wrongly allowed interest initially, which was not the case here. The ITAT ruled that the debatable nature of the issue precluded rectification under section 154, allowing the assessee's appeals and overturning the CIT(A)'s decision. en-us Thu, 10 Feb 1994 00:00:00 +0530 Fri, 10 Dec 2010 13:13:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57473 The ITAT reversed the CIT(A)'s decision and canceled the ITO's orders withdrawing interest under section 244(1A) through section 154. The ITAT held that without a specific provision in section 244(1A) for withdrawal of interest once granted, the ITO lacked authority to withdraw the interest. It emphasized that section 154 could only rectify wrongly allowed interest initially, which was not the case here. The ITAT ruled that the debatable nature of the issue precluded rectification under section 154, allowing the assessee's appeals and overturning the CIT(A)'s decision. Case-Laws Income Tax Thu, 10 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57473