https://www.taxtmi.com/caselaws?id=27534 The High Court of Rajasthan upheld the levy of interest under section 139(1)(iii) of the Income Tax Act, 1961 for the assessment year 1966-67. The court ruled in favor of the Revenue, rejecting the assessee's argument that interest could only be charged if an application for extension of time had been granted by the Income Tax Officer. The decision aligned with the precedent set in ITO v. Secunderabad Tin Industries, overturning the earlier stance in Kishan Lal Haricharan v. ITO. The judgment did not award costs to either party. en-us Thu, 29 Mar 1984 00:00:00 +0530 Sat, 13 Feb 2010 13:57:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27534 The High Court of Rajasthan upheld the levy of interest under section 139(1)(iii) of the Income Tax Act, 1961 for the assessment year 1966-67. The court ruled in favor of the Revenue, rejecting the assessee's argument that interest could only be charged if an application for extension of time had been granted by the Income Tax Officer. The decision aligned with the precedent set in ITO v. Secunderabad Tin Industries, overturning the earlier stance in Kishan Lal Haricharan v. ITO. The judgment did not award costs to either party. Case-Laws Income Tax Thu, 29 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27534