https://www.taxtmi.com/caselaws?id=277150 An unregistered firm was treated as a separate assessable entity for income-tax purposes, so a partner could be regarded as a person not previously assessed for advance-tax liability and interest under section 18A of the Income-tax Act, 1922; the statutory interest was therefore sustained. A separate notice of demand under section 29 was not a precondition for adding interest under section 18A(8) because the liability arose directly under the statute. No waiver of interest could be inferred where the officer lacked waiver power at the relevant time. The omission to charge mandatory interest was an apparent mistake on the record and was capable of rectification under section 35. en-us Thu, 28 Feb 1957 00:00:00 +0530 Tue, 27 Nov 2018 12:41:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277150 An unregistered firm was treated as a separate assessable entity for income-tax purposes, so a partner could be regarded as a person not previously assessed for advance-tax liability and interest under section 18A of the Income-tax Act, 1922; the statutory interest was therefore sustained. A separate notice of demand under section 29 was not a precondition for adding interest under section 18A(8) because the liability arose directly under the statute. No waiver of interest could be inferred where the officer lacked waiver power at the relevant time. The omission to charge mandatory interest was an apparent mistake on the record and was capable of rectification under section 35. Case-Laws Income Tax Thu, 28 Feb 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277150