Bombay High Court Allows Petition Challenging Interest and Surcharge in Settlement Commission Order for Block Assessment Years. Held that Settlement Commission cannot levy interest under Section 220(2) and surcharge under Section 113 of the Income Tax Act, 1961 for block assessment years prior to the date of search....
The petitioner, M/s. Karia Erectors Private Limited, challenged the legality and validity of orders passed by the Income Tax Settlement Commission (respondent no.2) and the Assistant Commissioner of I...
