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| The Tax Publishers2020 TaxPub(DT) 0260 (Cal-HC) INCOME TAX ACT, 1961
Section 234B read with section 234C
Imposition of interest was justified under sections 234B and 234C, save and except on income, which arose from retrospective operation of any statute, decision, etc. because in those type of cases, assessee was unable to know and assess his income and pay advance tax accordingly.
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Advance tax - Chargeability of interest - Interest on income arising from retrospective operation of any statute, decision etc. -
Issue was as regards imposition of interest under sections 234B and 234C. Held: Imposition of interest was justified under sections 234B and 234C, save and except on income, which arose from retrospective operation of any statute, decision, etc. because in those type of cases, assessee was unable to know and assess his income and pay advance tax accordingly.
REFERRED :
FAVOUR : In assessee's favour
A.Y. :
IN THE CALCUTTA HIGH COURT
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