https://www.taxtmi.com/caselaws?id=37407 The court held that interest cannot be charged under Section 139(4) of the Income Tax Act without an application for extension of time to file the return. The court favored the view that interest is chargeable only if an application for extension has been filed and granted by the Income Tax Officer. However, the court ruled that a partner remains liable for interest on his share of income even if the registered firm is treated as an unregistered firm for interest purposes. The petitions were allowed, quashing the demand for interest without an extension application and affirming the partner's liability for interest. en-us Fri, 18 Nov 1977 00:00:00 +0530 Mon, 29 Mar 2010 14:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37407 The court held that interest cannot be charged under Section 139(4) of the Income Tax Act without an application for extension of time to file the return. The court favored the view that interest is chargeable only if an application for extension has been filed and granted by the Income Tax Officer. However, the court ruled that a partner remains liable for interest on his share of income even if the registered firm is treated as an unregistered firm for interest purposes. The petitions were allowed, quashing the demand for interest without an extension application and affirming the partner's liability for interest. Case-Laws Income Tax Fri, 18 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37407