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TMI Blog2015 (9) TMI 500X X X X Extracts X X X X X X X X Extracts X X X X ..... the amount was refunded pursuant to the first rectification order passed under Section 154 on 15.9.1994. In similar circumstances, the Supreme Court in the case of Vikrant Tyres Limited ( 2001 (2) TMI 129 - SUPREME Court ) the Supreme Court held that where the original demand was satisfied and the amount was paid by the assessee interest could not be payable from the original date of demand if l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- 3-9-2015 - Hon'ble Tarun Agarwala And Hon'ble Surya Prakash Kesarwani, JJ. For the Appellant : A.N. Mahajan, S.C. For the Respondent : R. S. Agrawal ORDER We have heard Sri Shubham Agrawal, learned counsel for the Income Tax Department and Sri R.S. Agarwal, learned counsel for the assessee. For the Assessment year 1989-90 the Assessment Order was passed on 26. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to which a fresh revised notice of demand and Challan was issued. Pursuant to the order under Section 154 interest under Section 220(2) of the Act was charged from the date of the original Assessment Order dated 26.3.1992. The applicant being aggrieved by this part of the order charging interest from 1992 filed an appeal which was dismissed and, thereafter, preferred a Second Appeal before the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ich was due to it and retained by the assessee. In the instant case, the original demand pursuant to the first Assessment Order dated 26.3.1992 was duly satisfied and the amount was refunded pursuant to the first rectification order passed under Section 154 on 15.9.1994. In similar circumstances, the Supreme Court in the case of Vikrant Tyres Limited (supra) the Supreme Court held that where th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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