https://www.taxtmi.com/caselaws?id=67458 Interest for delayed filing under the income-tax law was treated as mandatory, subject only to waiver or reduction under the prescribed rule. Because no waiver or reduction application was made, the assessing authority had no discretion to omit the levy in the original assessment. That omission was therefore treated as a mistake apparent from the record, and rectification was permissible under section 154 to bring the omitted interest into the assessment. The challenge to the rectification failed. en-us Fri, 14 Nov 1986 00:00:00 +0530 Thu, 10 Mar 2011 17:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67458 Interest for delayed filing under the income-tax law was treated as mandatory, subject only to waiver or reduction under the prescribed rule. Because no waiver or reduction application was made, the assessing authority had no discretion to omit the levy in the original assessment. That omission was therefore treated as a mistake apparent from the record, and rectification was permissible under section 154 to bring the omitted interest into the assessment. The challenge to the rectification failed. Case-Laws Income Tax Fri, 14 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67458