2016 (4) TMI 390

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..... dent : Mr. Ajay Vora, Sr. Adv., Ms. Kavita Jha, Adv., Mr. Bhargava V. Desai,Adv., Ms. Saumya Mehrotra, Adv., Mr. Prakash Kumar, Adv., Ms. Bhavita, Adv. ORDER For the sake of convenience, we take note of the facts in respect of Assessment Year 1987-88 as similar factual situation appears in respect of all three Assessment Years viz. 1985-86, 1986-87 and 1987-88. For the Assessment Year 1987-88, .....

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..... r, the Commissioner of Income Tax (Appeals) allowed 2 the appeal of the assessee against the order of the Assessing Officer by invoking the provisions of Section 244(1A) of the Income Tax Act and held that the interest is payable on the aforesaid amount. This order is upheld by the Income Tax Appellate Tribunal as well as by the High Court. We have gone through the impugned order and we do not fi .....

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