https://www.taxtmi.com/caselaws?id=57734 The appeals challenging the imposition of interest under section 139(8) for delayed filing of returns were successful. The ITAT found that the orders levying interest were illegal as they were passed after the prescribed time-limits under sections 153(2A) and 153(1)(a)(iii). Consequently, the interest orders for the years in question (1982-83, 1983-84, and 1984-85) were canceled, and the appeals of the assessee were allowed. The Assessing Officer was instructed to calculate interest for the assessee as a registered firm in compliance with the directive from the Dy. Commissioner(A). en-us Tue, 04 Feb 1992 00:00:00 +0530 Mon, 13 Dec 2010 11:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57734 The appeals challenging the imposition of interest under section 139(8) for delayed filing of returns were successful. The ITAT found that the orders levying interest were illegal as they were passed after the prescribed time-limits under sections 153(2A) and 153(1)(a)(iii). Consequently, the interest orders for the years in question (1982-83, 1983-84, and 1984-85) were canceled, and the appeals of the assessee were allowed. The Assessing Officer was instructed to calculate interest for the assessee as a registered firm in compliance with the directive from the Dy. Commissioner(A). Case-Laws Income Tax Tue, 04 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57734