Allowed
Commissioner of Income Tax v. Settlement Commission(It&Wt)
Kerala HCWP(C)/26583/2003
Case brief
AI extract
What is this about?
The High Court of Kerala allowed a writ petition against orders that limited the period for levy of interest under Section 234B of the Income Tax Act. Following the Supreme Court decision in Hindustan Bulk Carriers, the court set aside the impugned orders and directed the Settlement Commission to issue a notice and determine the terminal point for interest levy.
What did the court decide?
Set aside Ext.P4 and Ext.P5 orders limiting interest period under Section 234B and direct the Settlement Commission to pass an order on terminal point after notice.