1990 (2) TMI 80

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....rected against the consolidated order of the Dy. CIT (Appeals) and pertain to the question of granting of interest on refunds under the provisions of section 34A of the Wealth-tax Act. 2. The respondent in this case became entitled to certain refunds in view of the order dated 18-12-1985 passed by the Commissioner of Wealth-tax, Gujarat-I, under section 25(1) of the Wealth-tax Act. The order wa....

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.... as also rule 119A of the I.T. Rules, 1962. A reference was also made to the decision of the Andhra Pradesh High Court in the case of Bakelite Hylam Ltd. v. CIT [1988] 72 CTR 137. 4. The Dy. CIT(A) in view of the arguments advanced and the authority cited accepted the view point canvassed on behalf of the respondent. He directed the WTO to allow interest under the provisions of section 34A, sub....

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....ne which fell for consideration under the provisions of section 34A. He thereafter made an impassioned plea for the confirmation of the order of the first appellate authority. 7. We have examined the rival submissions and have also perused the orders of the authorities below. The decision cited at the bar on behalf of the respondent as also the one referred to by the Dy. CIT(A) have also been t....