1978 (3) TMI 40

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.... year 1968-69, the assessee filed his return beyond time. The ITO assessed his income at Rs. 31,500. He also levied interest under s. 139(1) for filing the return beyond time. The AAC confirmed this order. Before the AAC, no arguments were advanced against the levy of interest. The assessee went up to the Tribunal which held that the income from undisclosed sources was liable to be fixed at Rs. 10....