https://www.taxtmi.com/caselaws?id=26144 The High Court upheld the constitutionality of section 139(8) of the Income-tax Act for the assessment year 1972-73, rejecting a firm's challenge to the order directing payment of interest. The court determined that treating registered firms as unregistered for interest calculation was not discriminatory, emphasizing that the levy of interest was compensatory and not penal. The decision aligned with the stance of various High Courts, including Madras, Gauhati, Gujarat, Madhya Pradesh, Punjab & Haryana, and Calcutta, supporting the legislative authority to withdraw privileges for defaulting registered firms without discrimination. The court dismissed the writ petition and denied leave to appeal to the Supreme Court. en-us Tue, 24 Apr 1984 00:00:00 +0530 Wed, 03 Feb 2010 11:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26144 The High Court upheld the constitutionality of section 139(8) of the Income-tax Act for the assessment year 1972-73, rejecting a firm's challenge to the order directing payment of interest. The court determined that treating registered firms as unregistered for interest calculation was not discriminatory, emphasizing that the levy of interest was compensatory and not penal. The decision aligned with the stance of various High Courts, including Madras, Gauhati, Gujarat, Madhya Pradesh, Punjab & Haryana, and Calcutta, supporting the legislative authority to withdraw privileges for defaulting registered firms without discrimination. The court dismissed the writ petition and denied leave to appeal to the Supreme Court. Case-Laws Income Tax Tue, 24 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26144