https://www.taxtmi.com/caselaws?id=15314 The court concluded that the charging of interest under the amended provisions of section 139(8) and sub-section (6) of section 215 of the Income-tax Act, 1961 was not valid for assessment years before 1985-86, especially in cases where returns were filed and assessments completed after the amendment. The court found that the timing of income receipt and return filing did not justify the imposition of interest charges, particularly in situations where income became taxable after the prescribed return filing period. As a result, the court dismissed the petitions challenging the interest charges imposed by the Assessing Officer. en-us Tue, 11 May 1999 00:00:00 +0530 Tue, 04 Aug 2009 16:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15314 The court concluded that the charging of interest under the amended provisions of section 139(8) and sub-section (6) of section 215 of the Income-tax Act, 1961 was not valid for assessment years before 1985-86, especially in cases where returns were filed and assessments completed after the amendment. The court found that the timing of income receipt and return filing did not justify the imposition of interest charges, particularly in situations where income became taxable after the prescribed return filing period. As a result, the court dismissed the petitions challenging the interest charges imposed by the Assessing Officer. Case-Laws Income Tax Tue, 11 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15314