Commissioner of Income-tax, Delhi-II v. M/s. Jyotsna Holdings (P) Ltd
[Citation -2016-LL-0308-108]
| Citation | 2016-LL-0308-108 |
|---|---|
| Appellant Name | Commissioner of Income-tax, Delhi-II |
| Respondent Name | M/s. Jyotsna Holdings (P) Ltd. |
| Court | SUPREME COURT |
| Relevant Act | Income-tax |
| Date of Order | 08/03/2016 |
| Assessment Year | 1987-88 |
| Judgment | View Judgment |
| Bot Summary: | 1774/2006 COMMISSIONER OF INCOME TAX, DELHI-II Appellant(s) VERSUS M/S. JYOTSNA HOLDINGS LTD. Respondent(s) ORDER For the sake of convenience, we take note of the facts in respect of Assessment Year 1987-88 as similar factual situation appears in respect of all three Assessment Years viz. For the Assessment Year 1987-88, the respondent herein filed its return on the basis of self tax assessment made by the it and paid a sum of Rs.3,23,68,834/- on 12.09.1987. The Commissioner of Income Tax allowed 2 the appeal of the assessee against the order of the Assessing Officer by invoking the provisions of Section 244(1A) of the Income Tax Act and held that the interest is payable on the aforesaid amount. This order is upheld by the Income Tax Appellate Tribunal as well as by the High Court. We have gone through the impugned order and we do not find anything wrong with the impugned order. The amount in question, though found refundable to the assessee, was utilized by the Department and interest was payable under Section 244(1A) of the Income Tax Act. UPON hearing the counsel the Court made the following O R D E R The Civil Appeal is dismissed in terms of the signed order. |