https://www.taxtmi.com/caselaws?id=9003 The court upheld the power of the legislature to treat a registered firm as an unregistered firm for levying interest under Section 139(1) of the Income-tax Act, 1961. The court found such treatment reasonable and not violative of constitutional rights. However, the court ruled in favor of the petitioner regarding the deduction of advance tax paid by registered firms, holding that they should also benefit from the deduction allowed for other assessees. The court directed the respondent to modify the assessment to include the deduction of advance tax paid by the petitioners for calculating interest under Section 139(1), proviso. en-us Wed, 06 Dec 1972 00:00:00 +0530 Thu, 18 Jun 2009 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9003 The court upheld the power of the legislature to treat a registered firm as an unregistered firm for levying interest under Section 139(1) of the Income-tax Act, 1961. The court found such treatment reasonable and not violative of constitutional rights. However, the court ruled in favor of the petitioner regarding the deduction of advance tax paid by registered firms, holding that they should also benefit from the deduction allowed for other assessees. The court directed the respondent to modify the assessment to include the deduction of advance tax paid by the petitioners for calculating interest under Section 139(1), proviso. Case-Laws Income Tax Wed, 06 Dec 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9003