https://www.taxtmi.com/caselaws?id=26917 Interest under section 139 of the Income-tax Act could be levied on a belated return even without any application for extension of time, because such an application was not a condition precedent under the statutory scheme. The separate taxable status of a registered firm and its partners also meant that interest could be charged on a partner's share of income despite the firm being treated as an unregistered firm for that limited purpose. The legal position affirmed that liability to interest could attach in both capacities according to the respective assessment framework. en-us Mon, 20 May 1985 00:00:00 +0530 Tue, 09 Feb 2010 12:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26917 Interest under section 139 of the Income-tax Act could be levied on a belated return even without any application for extension of time, because such an application was not a condition precedent under the statutory scheme. The separate taxable status of a registered firm and its partners also meant that interest could be charged on a partner's share of income despite the firm being treated as an unregistered firm for that limited purpose. The legal position affirmed that liability to interest could attach in both capacities according to the respective assessment framework. Case-Laws Income Tax Mon, 20 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26917