2004 (4) TMI 38

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ome-tax Act, 1961, for the assessment years 1976-77 and 1980-81 passed by the Commissioner of Income-tax on February 12, 1988. Against the assessment made by the Assessing Officer, the appeal was preferred and as a consequence of an appellate order, the Assessing Officer was required to compute the figures. It appears that the Assessing Officer pointed out in the computation sheet as under: "Ref....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d at length by learned counsel for the petitioner. Two issues essentially arises in this matter, which are as under: 1. Whether the assessee is entitled to interest under section 244(1A) in respect of interest payments under section 220(2) of the Income-tax Act, 1961? 2. Whether the assessee is entitled to interest under section 244(1A) of the Act in respect of interest already due under sectio....