1996 (4) TMI 87 - HC - Income Tax

Appropriate Authority, Immovable Property By Central Government, Movable Property, Transfer Of Property

Summary

The High Court of Allahabad ruled that interest under section 139(8) cannot be charged in reassessment proceedings under section 148. The court cited previous decisions supporting this view and ruled in favor of the assessee. The second question raised in the case was not answered as it became academic.