https://www.taxtmi.com/caselaws?id=234064 The amended section 8B of the Assam Agricultural Income Tax Act, 1939 applied to assessment year 2009-2010 even though it came into force during the financial year, because the Act charges agricultural income in the assessment year on the basis of the previous year's income. The amendment validly imposed liability on the relevant class of assessees for that assessment year, and the connected advance tax and interest provisions operated as part of the same statutory scheme. Reliance on J.K. Synthetics was treated as inapposite because the Act expressly provided for advance-tax liability and the corresponding interest consequences. The challenge to applicability therefore failed. en-us Fri, 21 Sep 2012 00:00:00 +0530 Sat, 25 May 2013 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234064 The amended section 8B of the Assam Agricultural Income Tax Act, 1939 applied to assessment year 2009-2010 even though it came into force during the financial year, because the Act charges agricultural income in the assessment year on the basis of the previous year's income. The amendment validly imposed liability on the relevant class of assessees for that assessment year, and the connected advance tax and interest provisions operated as part of the same statutory scheme. Reliance on J.K. Synthetics was treated as inapposite because the Act expressly provided for advance-tax liability and the corresponding interest consequences. The challenge to applicability therefore failed. Case-Laws VAT and Sales Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234064