1986 (11) TMI 133 - AT - Income Tax

Summary

The ITAT Jaipur allowed two appeals by the assessee against the order of the AAC rejecting its application under s. 154. The assessee was entitled to a refund, which was converted into a demand by unwarranted additions made by the ITO. The additions were deleted by the AAC, and the assessee became entitled to the refund. The ITAT directed the ITO to grant interest under ss. 214 and 244 (1A) of the IT Act.