https://www.taxtmi.com/caselaws?id=27897 The High Court of Calcutta ruled that an assessee who filed a return under section 139(4) of the Income-tax Act, 1961, after the prescribed time under section 139(1), was still liable to pay interest for delayed submission under sub-clause (iii) of the proviso to section 139(1). The court held that the failure to file within the specified period or apply for an extension necessitated the payment of interest. The judgment favored the Revenue, obligating the assessee to pay interest for the delayed income tax return submission, with each party bearing its costs. en-us Mon, 16 Jan 1984 00:00:00 +0530 Tue, 16 Feb 2010 16:50:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27897 The High Court of Calcutta ruled that an assessee who filed a return under section 139(4) of the Income-tax Act, 1961, after the prescribed time under section 139(1), was still liable to pay interest for delayed submission under sub-clause (iii) of the proviso to section 139(1). The court held that the failure to file within the specified period or apply for an extension necessitated the payment of interest. The judgment favored the Revenue, obligating the assessee to pay interest for the delayed income tax return submission, with each party bearing its costs. Case-Laws Income Tax Mon, 16 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27897