https://www.taxtmi.com/caselaws?id=13688 The High Court held in favor of the Revenue, stating that the amendment to section 139(8) of the Income-tax Act made the levy of interest automatic for late filing of returns, removing the Assessing Officer's discretion. The court found that the Tribunal erred in canceling the penalty solely based on the interest levy under section 139(8) and directed a reconsideration of the case, emphasizing the importance of considering the amended provisions and the automatic nature of interest levy post-amendment. en-us Thu, 10 Feb 2005 00:00:00 +0530 Wed, 01 Jul 2009 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13688 The High Court held in favor of the Revenue, stating that the amendment to section 139(8) of the Income-tax Act made the levy of interest automatic for late filing of returns, removing the Assessing Officer's discretion. The court found that the Tribunal erred in canceling the penalty solely based on the interest levy under section 139(8) and directed a reconsideration of the case, emphasizing the importance of considering the amended provisions and the automatic nature of interest levy post-amendment. Case-Laws Income Tax Thu, 10 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13688