1986 (3) TMI 58 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled that the Tribunal was wrong in holding that the charging of interest under section 217 is not appealable along with other grounds of appeal. The court decided in favor of the assessee, stating that the question of interest under section 217 is part of the assessment order and can be appealed. The reference was answered in the negative against the Revenue.