TMI Blog1989 (3) TMI 388X X X X Extracts X X X X X X X X Extracts X X X X ..... t under s. 256 (2) of the IT Act, 1961 : Whether, on the facts and in the circumstances of the case, the Tribunal is justified in holding that the CIT is not entitled to exercise the jurisdiction under s. 33 (B) of the Indian IT Act, 1922 ? 2. The assessment year involved in this Reference is the asst. yr. 1960-61. The ITO had not charged interest at the time of passing the order of a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der of assessment under s. 18A (8) of the Indian IT Act, 1922. 3. The order of the ITO originally passed stood rectified by the rectification order in appeal, passed by the AAC. That part of the order for charging interest has merged with the order of the AAC. Only operative order on the point of charge of interest was the order of the AAC. At that, stage, the CIT could not intervene and modify ..... X X X X Extracts X X X X X X X X Extracts X X X X
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