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2016 (9) TMI 862 - HC - Income TaxTerminal date from which interest got charged - Settlement Commission - Held that:- Identical issue was raised before this court in R.Vijayalakshmi vs. Income Tax Settlement Commission Additional Bench and others [2016 (8) TMI 657 - MADRAS HIGH COURT] and ultimately it was held that the Department will be entitled for interest only as ordered by the Commission while passing the order under section 245D (4) of the Income Tax Act. Writ petition is allowed and the order passed by the Income Tax Settlement Commission in the impugned order is set aside insofar as the computation of the terminal date for charging of the interest under Section 234(B) alone and the impugned order passed by the Settlement Commission is set aside to that extent and it is held that the Department will be entitled for interest as ordered by the commission in its order dated 12.09.1998
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