https://www.taxtmi.com/caselaws?id=38194 The court upheld the Commissioner's direction for the Income-tax Officer to levy interest under the proviso to section 139(1) for the assessment year 1962-63, finding the failure to charge interest prejudicial to revenue's interests. The court interpreted section 139(4) to apply the interest provision if the return is furnished before assessment without requiring an extension by the Income-tax Officer. The judgment favored the revenue, holding the Commissioner's directive justified and answering both issues against the assessee, with no cost order. en-us Thu, 30 Mar 1978 00:00:00 +0530 Sat, 03 Apr 2010 16:25:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38194 The court upheld the Commissioner's direction for the Income-tax Officer to levy interest under the proviso to section 139(1) for the assessment year 1962-63, finding the failure to charge interest prejudicial to revenue's interests. The court interpreted section 139(4) to apply the interest provision if the return is furnished before assessment without requiring an extension by the Income-tax Officer. The judgment favored the revenue, holding the Commissioner's directive justified and answering both issues against the assessee, with no cost order. Case-Laws Income Tax Thu, 30 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38194