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1968 (2) TMI 16 - HC - Income Tax


The High Court of Madras allowed the petition to quash an order of the Central Board of Revenue imposing penal interest on a private limited company for the assessment year 1959-60. The Commissioner's decision to dismiss the revision petition was deemed incorrect, and it was held that the revision petition was competent. The matter was remanded for the Commissioner to reconsider the petition on its merits. The Central Board of Revenue's decision not to interfere with the Commissioner's order was upheld.

 

 

 

 

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