1988 (11) TMI 60 - HC - Income Tax

Summary

The High Court of Bombay ruled that an appeal to the Appellate Assistant Commissioner against the levy of interest under section 139 of the Income-tax Act, 1961, is competent if the liability to be assessed to tax, including interest, is disputed. The appeal was found to be competent in this case, and the Department was ordered to pay the costs of the reference to the assessee. (Case citation: 1988 (11) TMI 60 - BOMBAY High Court)