https://www.taxtmi.com/caselaws?id=9093 Late filing of a return attracts the interest machinery under section 139, even if the assessee did not apply for extension of time, because section 139(4)(a) brings the proviso to section 139(1) into play and interest runs from the date of default until the return is filed. Where the default continues after an amendment increasing the rate to 9 per cent, the enhanced rate applies from the amendment's commencement to the continuing period of default. An increased interest demand made after an appellate order may be sustained as a consequential correction, provided it is not arbitrary or unauthorised. en-us Mon, 13 Nov 1972 00:00:00 +0530 Fri, 19 Jun 2009 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9093 Late filing of a return attracts the interest machinery under section 139, even if the assessee did not apply for extension of time, because section 139(4)(a) brings the proviso to section 139(1) into play and interest runs from the date of default until the return is filed. Where the default continues after an amendment increasing the rate to 9 per cent, the enhanced rate applies from the amendment's commencement to the continuing period of default. An increased interest demand made after an appellate order may be sustained as a consequential correction, provided it is not arbitrary or unauthorised. Case-Laws Income Tax Mon, 13 Nov 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9093