1996 (5) TMI 29 - HC - Income Tax

Summary

The High Court of Rajasthan held that the Income-tax Appellate Tribunal was not legally justified in directing to allow interest under section 214 on the excess amount of tax deducted at source under section 194C of the Income-tax Act. The decision was based on previous rulings and was in favor of the Revenue and against the assessee. The judgment was delivered by Judge B. R. ARORA.