Supreme Court · 2000 INSC 561 · Decided 1 December 2000
M/S. K. Govindan and Sons v. Commissioner of Income-Tax, Cochin
- Court
- Supreme Court of India
- Citation
- 2000 INSC 561 · [2000] SUPP. 5 S.C.R. 285
- Case number
- CIVIL APPEAL No. 1144/1999
- Decided
- 1 December 2000
- Bench
- S.P. BHARUCHA, D.P. MOHAPATRA, Y.K. SABHARWAL (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 148
Headnote
B lncome-Tax Act, {96/-Section 139 (8) Explanation 2 as added by Taxation laws (Amendment) Act, 1984, Sections 147, 148, 217~ -lnterest­ liability of assessee to pay-Income escaping assessment- -Assessment made C u/s 147-Whether it is open to assessing authority to charge interest for default assessment' for purpose of section I 39 (8)-Meaning o/-Held, First or initial assessment u/s I 47 is a regular assessment-·-Explanation 2 to Section I 39(8), introduced by (Amendment) Act, 1984 is merely a clarificatory provisio11c-lt has application to period of assessment I 984-85. The
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