1984 (3) TMI 195 - AT - Income Tax

Summary

The appellate tribunal ITAT MADRAS-B heard appeals regarding interest calculation under s. 139(8) for registered firms leading to refunds. No direct High Court judgment on the issue. Initially dismissed the appeals, but upon petition, decided to rehear due to a previous contradictory decision by the same Bench. The impugned appellate orders were set aside, and the appeals will be reheard.