1990 (11) TMI 96 - HC - Income Tax

Summary

The petitioner filed a nil return for the assessment year 1971-72, claiming deductions later allowed by the Tribunal. The Income-tax Officer delayed implementing the Tribunal's order, resulting in reduced income for 1973-74. The petitioner sought interest on enhanced unabsorbed allowance amount, but the court found no basis for it. The petition was dismissed.