https://www.taxtmi.com/caselaws?id=39521 The High Court held that interest could not be charged under section 139(2) of the Income-tax Act, 1961 for late filing of returns without an application for extension of time. The Court emphasized that the provisions required the assessee to apply for an extension in the prescribed manner to trigger the charging of interest. As the assessee did not make such an application, the Tribunal correctly deleted the interest charged by the Income-tax Officer, ruling in favor of the assessee. The judgment relied on case law and legislative amendments to support this interpretation. en-us Tue, 19 Nov 1974 00:00:00 +0530 Sat, 17 Apr 2010 10:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39521 The High Court held that interest could not be charged under section 139(2) of the Income-tax Act, 1961 for late filing of returns without an application for extension of time. The Court emphasized that the provisions required the assessee to apply for an extension in the prescribed manner to trigger the charging of interest. As the assessee did not make such an application, the Tribunal correctly deleted the interest charged by the Income-tax Officer, ruling in favor of the assessee. The judgment relied on case law and legislative amendments to support this interpretation. Case-Laws Income Tax Tue, 19 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39521