Bombay High Court Allows Revision Petition in Income Tax Refund Interest Calculation Case — Held that Section 214 Amendment Applies to Pending Proceedings and Assessing Officer Must Recompute Interest. The court directed the assessing officer to recompute interest under Section 214 of the Income Tax Act, 1961, while giving effect to the appellate order.
13 Dec 2005The petitioner, M/s Ultramarine & Pigments Ltd., filed a writ petition challenging the order dated 30th January 1992 passed by the Commissioner of Inc...




