https://www.taxtmi.com/caselaws?id=106397 The Supreme Court upheld the retrospective application of sub-section (2B) of section 9 of the Central Sales Tax Act, 1956, and validated its operation through section 120 of the Finance Act, 2000. The Court emphasized the compensatory nature of the interest for delayed payment and dismissed the civil appeals without costs, as the constitutional validity of the provision was not challenged by the parties involved. en-us Tue, 20 Oct 2009 00:00:00 +0530 Thu, 22 Aug 2013 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106397 The Supreme Court upheld the retrospective application of sub-section (2B) of section 9 of the Central Sales Tax Act, 1956, and validated its operation through section 120 of the Finance Act, 2000. The Court emphasized the compensatory nature of the interest for delayed payment and dismissed the civil appeals without costs, as the constitutional validity of the provision was not challenged by the parties involved. Case-Laws VAT and Sales Tax Tue, 20 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106397