https://www.taxtmi.com/caselaws?id=60754 The ITAT allowed the appeals filed by the Department concerning the assessment years 1975-76 and 1976-77. The main issue was the charging of interest under sections 139(8) and 217 of the IT Act, alongside discrepancies in the cost of construction of a house. The ITAT concluded that a single ground challenging the levy of interest is insufficient for a valid appeal, emphasizing the need for multiple grounds to challenge interest charges. Citing case law and statutory provisions, the ITAT vacated the AAC's order and reinstated the ITO's orders for both years. en-us Wed, 19 Feb 1986 00:00:00 +0530 Fri, 07 Jan 2011 18:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60754 The ITAT allowed the appeals filed by the Department concerning the assessment years 1975-76 and 1976-77. The main issue was the charging of interest under sections 139(8) and 217 of the IT Act, alongside discrepancies in the cost of construction of a house. The ITAT concluded that a single ground challenging the levy of interest is insufficient for a valid appeal, emphasizing the need for multiple grounds to challenge interest charges. Citing case law and statutory provisions, the ITAT vacated the AAC's order and reinstated the ITO's orders for both years. Case-Laws Income Tax Wed, 19 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60754