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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Interest on tax on distributed income accrues from the day after the due date until payment, imposing liability on company and principal officer.</h1> Where a domestic company and its principal officer fail to pay the tax on distributed income within the prescribed time, both are liable for simple interest at the statutory monthly rate on the unpaid tax from the day after the payment due date until actual payment; the provision operates as a statutory amendment addressing interest for delayed payment in relation to buy back of shares.

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