Bakelite Hylam Ltd. vs Commissioner Of Income-Tax on 16 June, 1992
The Judgment cited by Mr. Pardiwala, Learned Counsel appearing on behalf of the assessee in the case of Bakelite Hylam Ltd. v. Commissioner of Income-Tax reported in 171 ITR 344, has no application as, in that case, there was a specific refusal on the part of the Department to grant interest. In our case, there is no such denial of the liability to pay interest.