https://www.taxtmi.com/caselaws?id=38198 The High Court of Madras ruled that appeals against the imposition of penal interest alone under section 139 of the Income-tax Act for assessment years 1965-66 and 1966-67 are not competent. The court held that penal interest is not an order of assessment, and therefore, appeals cannot be made solely against the imposition of penal interest under section 246(c) of the Income-tax Act. The court sided with the revenue, awarding costs of the reference, including counsel's fee, as the assessee had not challenged the imposition of tax but only the penal interest. en-us Mon, 30 Jan 1978 00:00:00 +0530 Sat, 03 Apr 2010 17:13:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38198 The High Court of Madras ruled that appeals against the imposition of penal interest alone under section 139 of the Income-tax Act for assessment years 1965-66 and 1966-67 are not competent. The court held that penal interest is not an order of assessment, and therefore, appeals cannot be made solely against the imposition of penal interest under section 246(c) of the Income-tax Act. The court sided with the revenue, awarding costs of the reference, including counsel's fee, as the assessee had not challenged the imposition of tax but only the penal interest. Case-Laws Income Tax Mon, 30 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38198