1972 (11) TMI 17

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... ----------------------------------------------------------------------------------------------------------------------------------------------- Assessment year Return due Return filed Interest levied under section 139 ------------------------------------------------------------------------------------------------------------------------------------------------ 1964-1965 1-10-1964 18-3-1969 2,095 1965-1966 1-10-1965 6-9-1969 16,180 1966-1967 1-10-1966 30-9-1969 16,810 1967-1968 1-10-1967 28-4-1970 2,660 So far as the petitioner in O.J.C. No. 92 is concerned, the material particulars are: ---------------------------------------------------------------------------------------------------------------------------------....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ome-tax v. Ishwarlal Bhagwandas and some decisions of High Courts. Having heard the learned counsel for the parties we are of the view that none of the points raised by the petitioner is to succeed. We give our reasons below : Point No. 1.-It is conceded that the assessee had never asked for extension of time for filing return in respect of any of these years. Sub-section 4(a) of section 139 of the Income-tax Act makes provision in respect of cases where returns are filed beyond time even though extension has not been obtained. In respect of such returns the provision of clause (iii) of the proviso to sub-section (1) of that section has been made applicable. Under the third clause of the proviso interest is payable from the date of de....