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2014 (2) TMI 1120 - HC - Income TaxCharging of interest u/s 139(8) and 215/217 of the Act – Effect of amendment u/s 139(8) w.e.f. AY 1985-86 - Whether the ITAT is right in law in reversing the order of the learned DCIT(A) who upheld the order of the Assessing Officer passed under Section 154 holding that no mistake was apparent from records – Held that:- The decision in COMMISSIONER OF INCOME-TAX Versus KD. PRABHAKAR (HUF) [2007 (8) TMI 335 - PUNJAB AND HARYANA HIGH COURT] followed – the amendment was applicable from 1985-86 and subsequent years – thus, the interest for the assessment year 1981-82 is not valid – Decided against Revenue.
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