1996 (2) TMI 74

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..... 1961, the assessee seeks reference of the following question, as one arising out of the appellate order of the Tribunal : " Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in holding that the expression 'regular assessment' in section 214(1) refers to the first original assessment made by the Income-tax Officer under section 143 or 144 and .....

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..... consequential order that may be passed by the assessing authority giving effect to the appellate orders. The Income-tax Appellate Tribunal relying on the Full Bench decision of this court in CIT v. G. B. Transports [1985] 155 ITR 548 held that the liability of the Government under section 214, as it stood before the amendment in 1984, to pay interest on the advance tax paid is limited to the peri .....

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