1980 (6) TMI 54 - AT - Income Tax

Summary

The appeal involved the liability of the assessee to pay interest under s. 217(1A). The CIT (A) dismissed the appeal, stating that penal interest under s. 217(1A) is not appealable. The assessee appealed to the ITAT CALCUTTA, arguing that interest should not be levied as they denied liability. The ITAT found the appeal competent and remanded the case back to the CIT (A) for a decision on the merits. The appeal was deemed allowed for statistical purposes.