https://www.taxtmi.com/caselaws?id=20985 The court held that penal interest and interest levied under sections 139(8) and 215 of the Income-tax Act, 1961, were not tenable for an assessment year as the assessment in question was not a regular assessment. The court quashed the interest levied and ordered a refund if already recovered. Regarding the maintainability of prosecution, the court clarified the provisions but left the decision to the Magistrate. The court allowed the writ appeal, set aside the order, and partly allowed the writ petition without ordering costs. en-us Thu, 04 Feb 1993 00:00:00 +0530 Wed, 18 Nov 2009 13:53:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20985 The court held that penal interest and interest levied under sections 139(8) and 215 of the Income-tax Act, 1961, were not tenable for an assessment year as the assessment in question was not a regular assessment. The court quashed the interest levied and ordered a refund if already recovered. Regarding the maintainability of prosecution, the court clarified the provisions but left the decision to the Magistrate. The court allowed the writ appeal, set aside the order, and partly allowed the writ petition without ordering costs. Case-Laws Income Tax Thu, 04 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20985