https://www.taxtmi.com/caselaws?id=9319 The Delhi High Court interpreted provisions of the Income-tax Act regarding charging interest on late filing of returns. The court held that interest could only be charged if the assessee applied for an extension of time as required by the Act. The court emphasized the need for a formal application for an extension before interest could be levied, rejecting the revenue's argument that oral application sufficed. The court ruled in favor of the assessee, aligning with a judgment from the Andhra Pradesh High Court and dissenting from a conflicting view by the Gauhati High Court, ultimately deciding against the revenue. en-us Tue, 28 May 1974 00:00:00 +0530 Wed, 27 Nov 2013 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9319 The Delhi High Court interpreted provisions of the Income-tax Act regarding charging interest on late filing of returns. The court held that interest could only be charged if the assessee applied for an extension of time as required by the Act. The court emphasized the need for a formal application for an extension before interest could be levied, rejecting the revenue's argument that oral application sufficed. The court ruled in favor of the assessee, aligning with a judgment from the Andhra Pradesh High Court and dissenting from a conflicting view by the Gauhati High Court, ultimately deciding against the revenue. Case-Laws Income Tax Tue, 28 May 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9319