1986 (4) TMI 30

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....iled its return for the accounting period ending December 31, 1974, declaring an income of Rs. 25,01,300. On the assessment made, the assessee became entitled to a refund out of the advance tax paid, but the Income-tax Officer did not allow interest on the plea that advance tax was not paid within the stipulated period and that the refunds were not granted as a result of regular assessment. On app....

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...., the Appellate Tribunal was right in law in upholding that the assessee was entitled for interest under section 214 even on the amount of refunds allowed to it as result of appellate and rectificatory orders passed after the regular assessment ? (3) Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in upholding the C. I. T. (A)'s order allowing....

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....uted by learned counsel for the assessee that it is a question of law, but he urged that the same having been settled by the Supreme Court, it need not be got referred. According to learned counsel, the Bombay Income-tax Tribunal had taken a view similar to the one taken by the Tribunal in this case. The Bombay High Court refused to issue a mandamus to get the question referred and special leave p....