https://www.taxtmi.com/caselaws?id=58115 The Tribunal held that the Commissioner of Income Tax (CIT) lacked jurisdiction to direct the Income Tax Officer (ITO) to levy interest under section 217 of the Income Tax Act, 1961, as a separate order for interest under section 217 was required. The Tribunal emphasized the necessity of a specific order for interest under section 217 and concluded that the CIT's order under section 263 revising the assessment order was unwarranted and lacked jurisdiction. The appeal was allowed in favor of the assessee, setting aside the CIT's order under section 263. en-us Mon, 02 Jun 1980 00:00:00 +0530 Fri, 17 Dec 2010 13:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58115 The Tribunal held that the Commissioner of Income Tax (CIT) lacked jurisdiction to direct the Income Tax Officer (ITO) to levy interest under section 217 of the Income Tax Act, 1961, as a separate order for interest under section 217 was required. The Tribunal emphasized the necessity of a specific order for interest under section 217 and concluded that the CIT's order under section 263 revising the assessment order was unwarranted and lacked jurisdiction. The appeal was allowed in favor of the assessee, setting aside the CIT's order under section 263. Case-Laws Income Tax Mon, 02 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58115