https://www.taxtmi.com/caselaws?id=3474 The court ruled in favor of the petitioner, holding that the levy of interest for a one-day delay in income tax payment was unsustainable. The court found merit in the petitioner's argument that the General Clauses Act should apply, considering the time limit for filing returns under section 139 of the Income-tax Act. As the petitioner paid the tax on the next working day after the holiday, the court quashed the revision order and set aside the rectification order, allowing the original petition in favor of the petitioner. en-us Wed, 18 Oct 2006 00:00:00 +0530 Mon, 28 Jul 2008 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3474 The court ruled in favor of the petitioner, holding that the levy of interest for a one-day delay in income tax payment was unsustainable. The court found merit in the petitioner's argument that the General Clauses Act should apply, considering the time limit for filing returns under section 139 of the Income-tax Act. As the petitioner paid the tax on the next working day after the holiday, the court quashed the revision order and set aside the rectification order, allowing the original petition in favor of the petitioner. Case-Laws Income Tax Wed, 18 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3474