1989 (1) TMI 2 - SCH - Income Tax

Application for extension of time to file return is not made - leviability of interest on delayed return - questions referred by the Income-tax Appellate Tribunal to the High Court are answered in the affirmative, in favour of the Revenue

Summary

The Supreme Court allowed the appeal, set aside the High Court judgment, and answered two questions in favor of the Revenue against the assessee, following the precedent in Ganesh Dass Sreeram v. ITO [1988] 169 ITR 221. No costs were awarded.