2003 (10) TMI 28

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.... the assessment year 1987-88, the petitioner submitted his return whereby the competent authority assessed the income and tax thereupon. So far the assessment of the income and the tax are concerned, these are not under challenge in this writ petition. Further, the assessing authority levied an interest of Rs. 2,32,623 in the assessment order dated September 7, 1996, and the same has been challeng....

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....r levying the interest and also state the period for which the interest has been levied and at what rate, etc, etc. We have perused the impugned assessment order wherein it is merely stated add interest so and so ...There is absolutely no order as to why the interest is being levied and for which period. In the case of Ranchi Club Ltd. v. CIT [1996] 217 ITR 72, the Patna High Court held that in ....