https://www.taxtmi.com/caselaws?id=63946 The Tribunal affirmed the charging of interest under sections 139(8) and 215/217 of the Income-tax Act, 1961, due to late filing of the return and non-payment of the last advance tax installment. It held that the interest was mandatory and not dependent on reasonable cause. Additionally, the Tribunal clarified that it lacked jurisdiction to decide on the waiver or reduction of interest, advising the assessee to seek relief from the appropriate authorities. The appeals were partly allowed, maintaining the interest charges but allowing the assessee to pursue relief through the relevant channels. en-us Tue, 30 Oct 1990 00:00:00 +0530 Wed, 02 Feb 2011 17:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63946 The Tribunal affirmed the charging of interest under sections 139(8) and 215/217 of the Income-tax Act, 1961, due to late filing of the return and non-payment of the last advance tax installment. It held that the interest was mandatory and not dependent on reasonable cause. Additionally, the Tribunal clarified that it lacked jurisdiction to decide on the waiver or reduction of interest, advising the assessee to seek relief from the appropriate authorities. The appeals were partly allowed, maintaining the interest charges but allowing the assessee to pursue relief through the relevant channels. Case-Laws Income Tax Tue, 30 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63946