https://www.taxtmi.com/caselaws?id=19089 A wholly charitable institution's income was treated as exempt, so the assessment under sections 12 and 13 of the Income-tax Act, 1961 was held invalid. Because the assessment itself was bad in law, interest under sections 139 and 217 for non-payment of tax could not survive. The Tribunal's findings were supported by reasoning and no perversity was shown to justify interference. The reference was therefore answered in favour of the assessee, and the interest levy was held erroneous. en-us Thu, 31 Aug 1995 00:00:00 +0530 Tue, 03 Nov 2009 18:45:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19089 A wholly charitable institution's income was treated as exempt, so the assessment under sections 12 and 13 of the Income-tax Act, 1961 was held invalid. Because the assessment itself was bad in law, interest under sections 139 and 217 for non-payment of tax could not survive. The Tribunal's findings were supported by reasoning and no perversity was shown to justify interference. The reference was therefore answered in favour of the assessee, and the interest levy was held erroneous. Case-Laws Income Tax Thu, 31 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19089