1977 (4) TMI 44

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....n to charge interest under s. 217(IA), IT Act at the time of completion of assessment is a mistake apparent from the record in a case where ITO sat still on the return of income for over a year. 2. 1971-72 is the assessment year concerned. The assessee is a registered firm. It filed the original return on 22nd July, 1971 and the revised return on 10th Sept., 1973. The Income-tax Officer took up ....

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....stt. Commissioner against the said amendment but he appeal failed. Hence this second appeal. 4. The Assessee's argument before us was that as the assessment was not taken up by the ITO for about two years after the receipt of the original return, the failure to complete the assessment within a year could not be attributed to it irrespective of the fact of filing of revised return in 1973 and tha....