https://www.taxtmi.com/caselaws?id=18409 The High Court upheld the cancellation of penal interest under section 139(8) for the assessment year 1979-80. The Court found that the assessee had shown sufficient cause for the delay in filing the return, leading to the cancellation of the interest. Despite previous judgments favoring the Revenue on certain issues, the Court ruled in favor of the assessee in this case after considering the facts and legal provisions. en-us Thu, 25 Apr 1996 00:00:00 +0530 Wed, 30 Sep 2009 17:06:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18409 The High Court upheld the cancellation of penal interest under section 139(8) for the assessment year 1979-80. The Court found that the assessee had shown sufficient cause for the delay in filing the return, leading to the cancellation of the interest. Despite previous judgments favoring the Revenue on certain issues, the Court ruled in favor of the assessee in this case after considering the facts and legal provisions. Case-Laws Income Tax Thu, 25 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18409