1988 (2) TMI 36 - HC - Income Tax

Summary

The High Court of Madhya Pradesh held that an order under section 154 of the Income-tax Act, 1961, reducing a refund is appealable. The court ruled in favor of the assessee, stating that the Income-tax Officer's failure to allow interest on the refund amounted to reducing the refund payable. The decision was based on a previous case and the reference was answered in favor of the assessee.