1999 (2) TMI 45 - HC - Income Tax

Summary

The High Court of Madras ruled that an assessee is not entitled to a show-cause notice before the levy of interest for delay in filing returns or paying advance tax. The court cited provisions in the Act that outline the obligations of the assessee and the opportunity to seek reduction or waiver of interest. The judgment dismissed the petitions challenging the levy of interest and the disallowance of expenses for a guest house.