https://www.taxtmi.com/caselaws?id=69831 The Appellate Tribunal ITAT MADRAS-B upheld the charging of interest under section 139(8) of the Income Tax Act for late filing of returns by registered firms, even in cases where a refund situation arises. The Tribunal rejected the argument that interest should not be charged once a refund is issued, emphasizing that statutory requirements must be met. It also ruled that interest under section 139(8) can be calculated for registered firms receiving refunds, based on specific provisions and court decisions. The Tribunal dismissed the appeals, affirming the correctness of the interest charged by the Income Tax Officer. en-us Thu, 07 Jul 1983 00:00:00 +0530 Tue, 12 Apr 2011 12:44:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69831 The Appellate Tribunal ITAT MADRAS-B upheld the charging of interest under section 139(8) of the Income Tax Act for late filing of returns by registered firms, even in cases where a refund situation arises. The Tribunal rejected the argument that interest should not be charged once a refund is issued, emphasizing that statutory requirements must be met. It also ruled that interest under section 139(8) can be calculated for registered firms receiving refunds, based on specific provisions and court decisions. The Tribunal dismissed the appeals, affirming the correctness of the interest charged by the Income Tax Officer. Case-Laws Income Tax Thu, 07 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69831