Decision of Madras High Court.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... in interpreting proviso (iii)(b) to sub-section (1) of Section 139, the amount of advance tax should be deducted in arriving at the quantum of tax on which interest is to be charged for late filing of returns, not only in the case of other assessees but also in the case of registered firms. A copy of the judgment is attached. 2. Madras High Court's decision was based on the provisions as they st .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X