https://www.taxtmi.com/caselaws?id=60406 The ITAT upheld the CIT (A)'s decision in a case concerning the charging of interest under s. 139(8) of the IT Act, 1961 for a late-filed return by a registered firm. The interest was directed to be calculated based on the tax payable as a registered firm. Despite conflicting judgments, the ITAT found the assessing officer's direction to charge interest without proper consideration invalid. The departmental appeal was dismissed, affirming the CIT (A)'s order in favor of the assessee. en-us Mon, 04 Jun 1984 00:00:00 +0530 Wed, 05 Jan 2011 11:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60406 The ITAT upheld the CIT (A)'s decision in a case concerning the charging of interest under s. 139(8) of the IT Act, 1961 for a late-filed return by a registered firm. The interest was directed to be calculated based on the tax payable as a registered firm. Despite conflicting judgments, the ITAT found the assessing officer's direction to charge interest without proper consideration invalid. The departmental appeal was dismissed, affirming the CIT (A)'s order in favor of the assessee. Case-Laws Income Tax Mon, 04 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60406