The Impugned Judgment and order passed by the High Court is hereby confirmed.

The Impugned Judgment and order passed by the High Court is hereby confirmed.

The Supreme Court has held that the assessee – persons other than searched persons shall be liable to pay the interest on late filing of the return under Section 158BC even in absence of a notice under Section 158BC of the Income Tax Act and even for the period prior to 01.06.1999. To that extent, the impugned judgment and order passed by the High Court is hereby confirmed. (K.L. Swamy vs CIT)



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