Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2001 (7) TMI 10 - SC - Income Tax
Decision of the Gujarat High Court in case of D.J. Works v Deputy CIT, which had been followed by the same High Court in Chimanlal S. Patel v CIT lay down that the revenue is liable to pay interest on the amount of interest which it should have paid to the assessee but has unjustifiably failed to do - hence decision of tribunal allowing interest upon interest, was justified
The Supreme Court upheld the High Court's decision regarding interest payment on excess income tax, citing previous judgments. The appeal was dismissed with no costs. (Case citation: 2001 (7) TMI 10 - Supreme Court)
9911796707
