https://www.taxtmi.com/caselaws?id=8936 The court upheld the Income-tax Officer's authority to charge interest under proviso (iii) to section 139 without an extension application. The constitutionality of clause (a) of the proviso under Article 14 was affirmed, as it did not discriminate against registered firms. The court ruled that the Officer must consider advance tax paid when calculating interest under proviso (iii). The Officer was directed to recalculate interest, considering the advance tax credit. The application was partly allowed, with each party bearing their own costs. en-us Fri, 16 Feb 1973 00:00:00 +0530 Wed, 17 Jun 2009 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8936 The court upheld the Income-tax Officer's authority to charge interest under proviso (iii) to section 139 without an extension application. The constitutionality of clause (a) of the proviso under Article 14 was affirmed, as it did not discriminate against registered firms. The court ruled that the Officer must consider advance tax paid when calculating interest under proviso (iii). The Officer was directed to recalculate interest, considering the advance tax credit. The application was partly allowed, with each party bearing their own costs. Case-Laws Income Tax Fri, 16 Feb 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8936