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1971 (12) TMI 39 - HC - Income Tax

The High Court of Andhra Pradesh ruled in favor of the assessee, stating that penalty was not leviable as interest was only chargeable if time for filing the return was extended. The Tribunal's inference that time was extended on the application of the assessee was justified. The judgment was in favor of the assessee, and no costs were awarded.

 

 

 

 

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