https://www.taxtmi.com/caselaws?id=62377 The Tribunal held that interest under sections 139(8) and 217 of the Income-tax Act was chargeable in the case, considering an assessment under section 147 as a "regular assessment" for interest purposes. The Tribunal emphasized the equitable interpretation of the law and applied the amended provisions retrospectively, leading to the decision that interest was chargeable as the return was filed after the amendments were in force. The Revenue's appeal was allowed, and the assessee's cross objection was dismissed. en-us Wed, 29 Apr 1992 00:00:00 +0530 Wed, 19 Jan 2011 15:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62377 The Tribunal held that interest under sections 139(8) and 217 of the Income-tax Act was chargeable in the case, considering an assessment under section 147 as a "regular assessment" for interest purposes. The Tribunal emphasized the equitable interpretation of the law and applied the amended provisions retrospectively, leading to the decision that interest was chargeable as the return was filed after the amendments were in force. The Revenue's appeal was allowed, and the assessee's cross objection was dismissed. Case-Laws Income Tax Wed, 29 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62377