https://www.taxtmi.com/caselaws?id=17876 Interest under sections 139(8) and 217 of the Income-tax Act was mandatory where the return was not filed within time and the statutory conditions for levy were satisfied. The fact that the original assessment did not charge such interest did not bar its levy when rectification proceedings later brought the omission and the assessee's taxable income to notice. The rectification could validly include the omitted interest because the liability arose by operation of law once the default in timely filing was established. The question was answered in favour of the Revenue and against the assessee. en-us Mon, 23 Sep 1996 00:00:00 +0530 Fri, 25 Sep 2009 13:21:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17876 Interest under sections 139(8) and 217 of the Income-tax Act was mandatory where the return was not filed within time and the statutory conditions for levy were satisfied. The fact that the original assessment did not charge such interest did not bar its levy when rectification proceedings later brought the omission and the assessee's taxable income to notice. The rectification could validly include the omitted interest because the liability arose by operation of law once the default in timely filing was established. The question was answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Mon, 23 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17876