https://www.taxtmi.com/caselaws?id=58164 The tribunal upheld the lower deficiency amount determined by the tax authorities for the assessment year 1980-81, rejecting the assessee's argument based on a previous High Court decision. Regarding the charge of interest under section 217, the tribunal found in favor of the assessee, canceling the interest charge due to the excess deficiency brought forward from previous years exceeding the current year's income. The appeal was partly allowed based on this analysis. en-us Wed, 15 May 1985 00:00:00 +0530 Fri, 17 Dec 2010 16:36:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58164 The tribunal upheld the lower deficiency amount determined by the tax authorities for the assessment year 1980-81, rejecting the assessee's argument based on a previous High Court decision. Regarding the charge of interest under section 217, the tribunal found in favor of the assessee, canceling the interest charge due to the excess deficiency brought forward from previous years exceeding the current year's income. The appeal was partly allowed based on this analysis. Case-Laws Income Tax Wed, 15 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58164