https://www.taxtmi.com/caselaws?id=38947 The court held that the levy of interest under sections 139 and 215 of the Income-tax Act is appealable as part of the assessment process if the assessee denies liability. The term "assessment" under section 246 includes the imposition of penal interest, making it subject to appeal. The court ruled in favor of the assessee, stating that objections to the penal interest levy should be considered by the Appellate Assistant Commissioner, allowing the appeal and awarding costs to the assessee. en-us Thu, 18 Mar 1976 00:00:00 +0530 Sat, 10 Apr 2010 14:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38947 The court held that the levy of interest under sections 139 and 215 of the Income-tax Act is appealable as part of the assessment process if the assessee denies liability. The term "assessment" under section 246 includes the imposition of penal interest, making it subject to appeal. The court ruled in favor of the assessee, stating that objections to the penal interest levy should be considered by the Appellate Assistant Commissioner, allowing the appeal and awarding costs to the assessee. Case-Laws Income Tax Thu, 18 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38947