2002 (11) TMI 58 - HC - Income Tax

Question of law recovery of tax - Whether the Tribunal was correct in law in deleting interest charged under section 234B of the Income-tax Act 1961 in respect of the assessment year 1990-91 ? - no question of law much less a substantial question of law arises from the order of the Tribunal in respect of the said assessment year.

Summary

The High Court of Delhi heard an appeal by the Revenue under section 260A of the Income-tax Act, 1961 regarding interest under section 234B for assessment years 1990-91 and 1991-92. The Tribunal deleted interest for 1990-91 due to the assessee's belief, but for 1991-92, interest was deleted based on a specific order requirement. The Court framed a question of law for 1990-91 and directed the appellant to file necessary documents for further proceedings.