https://www.taxtmi.com/caselaws?id=191574 The Court held that the interest levied under sections 139(8) and 217 of the Income-tax Act was legal and recoverable. It directed the Assessing Officer to re-examine the levy of interest, stressing the importance of correcting jurisdictional irregularities. The decision favored the revenue, emphasizing the necessity for proper application of law and the exercise of discretion by the Income-tax Officer. en-us Mon, 12 Jul 1993 00:00:00 +0530 Fri, 07 Apr 2017 16:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191574 The Court held that the interest levied under sections 139(8) and 217 of the Income-tax Act was legal and recoverable. It directed the Assessing Officer to re-examine the levy of interest, stressing the importance of correcting jurisdictional irregularities. The decision favored the revenue, emphasizing the necessity for proper application of law and the exercise of discretion by the Income-tax Officer. Case-Laws Income Tax Mon, 12 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191574