https://www.taxtmi.com/caselaws?id=60594 The Tribunal upheld the Commissioner (Appeals)'s decision, affirming the legality of charging interest under section 139(8) treating a registered firm as unregistered. The Tribunal held that the omission to charge interest was a clear mistake and rectifiable under section 154, despite the issue being debatable. The appeal by the assessee was dismissed, emphasizing that the tax liability should be calculated as if the firm were unregistered, as per Explanation 2 to section 139(8). en-us Fri, 28 Dec 1984 00:00:00 +0530 Fri, 07 Jan 2011 11:23:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60594 The Tribunal upheld the Commissioner (Appeals)'s decision, affirming the legality of charging interest under section 139(8) treating a registered firm as unregistered. The Tribunal held that the omission to charge interest was a clear mistake and rectifiable under section 154, despite the issue being debatable. The appeal by the assessee was dismissed, emphasizing that the tax liability should be calculated as if the firm were unregistered, as per Explanation 2 to section 139(8). Case-Laws Income Tax Fri, 28 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60594