No waiver of interest if reassessment was founded on verdict of a jurisdictional HC

 HIGH COURT OF KERALA P.G. Mani versus Chief Commissioner of Income-tax, Cochin WP (C) NO. 26339 OF 2005(I) DECEMBER  3, 2012 JUDGMENT 1. Heard the learned counsel for the petitioner and the learned standing counsel appearing for the respondents. 2. The petitioner is a partnership firm. For the assessment years 1995-1996 and 1996-1997, they filed returns under the Income Tax Act showing taxable income of Rs. 2,67,230/- and Rs. 4,35,230/- respectively. These returns were filed claiming the status of a firm and were processed under Section 143 of the Income Tax Act. 3. Subsequ...