TaxTMI 
TaxTMI 
Could anyone tell me the importance of interest chargeability under Section139 (8A) of the Income Tax Act
Importance of Section 139 (8A)
18 Oct 2010 
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Interest chargeability under Section 139(8A) limited to historical assessments where assessing officer could extend filing dates.
Interest chargeability under Section 139(8A) applies only to historical assessments where the assessing officer retained and exercised the power to extend the filing date, making late filing interest recoverable in those circumstances. (AI Summary)
Interest chargeability under Section 139(8A) applies only to historical assessments where the assessing officer retained and exercised the power to extend the filing date, making late filing interest recoverable in those circumstances. (AI Summary)