https://www.taxtmi.com/caselaws?id=60210 The Tribunal upheld the CIT (A)'s decision to withdraw the interest levy under section 217(1A) by the Income Tax Officer (ITO). The Tribunal found that the ITO must specifically order the levy of interest in the assessment order or separately. Despite arguments from the Department citing mandatory interest due to the assessee's failure to file an estimate or advance tax, the Tribunal dismissed the appeal, stating that the taxable income did not warrant reconsideration of the interest levy. en-us Thu, 13 Dec 1984 00:00:00 +0530 Tue, 04 Jan 2011 12:37:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60210 The Tribunal upheld the CIT (A)'s decision to withdraw the interest levy under section 217(1A) by the Income Tax Officer (ITO). The Tribunal found that the ITO must specifically order the levy of interest in the assessment order or separately. Despite arguments from the Department citing mandatory interest due to the assessee's failure to file an estimate or advance tax, the Tribunal dismissed the appeal, stating that the taxable income did not warrant reconsideration of the interest levy. Case-Laws Income Tax Thu, 13 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60210