https://www.taxtmi.com/caselaws?id=432837 The Supreme Court held that interest under Section 158BFA(1) of the Income Tax Act is applicable for late filing of returns even without a notice under Section 158BC and prior to 01.06.1999. The Court ruled that the proviso to Section 113, regarding the levy of surcharge, is prospective and not applicable retrospectively, overturning the High Court's decision. en-us Fri, 13 Jan 2023 00:00:00 +0530 Mon, 27 Feb 2023 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432837 The Supreme Court held that interest under Section 158BFA(1) of the Income Tax Act is applicable for late filing of returns even without a notice under Section 158BC and prior to 01.06.1999. The Court ruled that the proviso to Section 113, regarding the levy of surcharge, is prospective and not applicable retrospectively, overturning the High Court's decision. Case-Laws Income Tax Fri, 13 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432837