https://www.taxtmi.com/caselaws?id=37510 The court upheld the imposition of interest under section 139 of the Income Tax Act, 1961 for late filing of returns, emphasizing the statutory obligation to file returns within the specified time. It rejected the argument that interest could only be levied if an extension was sought, ruling that interest could be imposed even for voluntary belated returns within the specified period. The judgment clarified the interpretation of the relevant provisions and aligned with precedents supporting the levy of interest for late filings. The court dismissed the appeal, affirming the validity of the interest imposed by the Income Tax Officer. en-us Wed, 15 Nov 1978 00:00:00 +0530 Tue, 30 Mar 2010 12:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37510 The court upheld the imposition of interest under section 139 of the Income Tax Act, 1961 for late filing of returns, emphasizing the statutory obligation to file returns within the specified time. It rejected the argument that interest could only be levied if an extension was sought, ruling that interest could be imposed even for voluntary belated returns within the specified period. The judgment clarified the interpretation of the relevant provisions and aligned with precedents supporting the levy of interest for late filings. The court dismissed the appeal, affirming the validity of the interest imposed by the Income Tax Officer. Case-Laws Income Tax Wed, 15 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37510