https://www.taxtmi.com/caselaws?id=59850 The Tribunal allowed the appeal against the Commissioner's order under section 263 of the Income-tax Act, 1961, canceling the assessment for the assessment year 1977-78. It was found that the mistake made by the Income Tax Officer in charging interest was not prejudicial to the revenue's interests. The Tribunal held that the Commissioner lacked authority to direct the ITO to recalculate the interest, ultimately setting aside the Commissioner's order. en-us Wed, 21 Mar 1984 00:00:00 +0530 Sat, 01 Jan 2011 14:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59850 The Tribunal allowed the appeal against the Commissioner's order under section 263 of the Income-tax Act, 1961, canceling the assessment for the assessment year 1977-78. It was found that the mistake made by the Income Tax Officer in charging interest was not prejudicial to the revenue's interests. The Tribunal held that the Commissioner lacked authority to direct the ITO to recalculate the interest, ultimately setting aside the Commissioner's order. Case-Laws Income Tax Wed, 21 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59850