1990 (1) TMI 55

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....come of Rs. 5,74,87,422. In view of the fact that the return of income had not been filed in time, interest was levied under section 139(8) at Rs. 6,86,616. There after an order was passed by the Commissioner of Income-tax (Appeals) where some relief was granted to the respondent which resulted in reduction of the income assessed. On second appeal being filed, further relief was granted by the Inc....

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....39(8), there is in fact no enhancement of interest because the interest now sought to be levied was Rs. 6,86,616 which after the orders under section 254 passed by the Tribunal and under section 154 passed by the Income-tax Officer now stands at Rs. 3,83,877. It is true, as contended by learned counsel, that after the appeal effect was given to the Tribunal's decision, the interest stood reduced t....