1989 (12) TMI 6

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....du undivided family and was assessed to tax by the first appellant by way of regular assessment including levy of interest under sections 139(8) and 215 of the Income-tax Act, 1961, against which appeals were filed. When the said appeals were pending, the assessments came to be reopened by issue of a notice under section 148 and reassessments were also made subsequently. While completing the reass....

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.... of the appellants is that interest under sections 139(8) and 215 of the Act, though not leviable in reassessments under section 147 of the Act, the respondent is liable to pay interest levied under the original assessment. This contention is plainly untenable in view of the decision of this court in CIT v. Mysore Iron and Steel Ltd. [1986] 157 ITR 531. In that case, after making a review of the c....