https://www.taxtmi.com/caselaws?id=237852 The High Court determined that the amendment to section 139(8) of the Income Tax Act was prospective, allowing interest to be charged only on the tax liability determined on regular assessment. It clarified that the interest could not be charged retrospectively and upheld that it should be based on the amended provision from a specific date. The court dismissed the appeal, affirming that interest for the tax liability determined on regular assessment for a specific period was correctly admissible. en-us Tue, 29 Jan 2013 00:00:00 +0530 Tue, 08 Oct 2013 22:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237852 The High Court determined that the amendment to section 139(8) of the Income Tax Act was prospective, allowing interest to be charged only on the tax liability determined on regular assessment. It clarified that the interest could not be charged retrospectively and upheld that it should be based on the amended provision from a specific date. The court dismissed the appeal, affirming that interest for the tax liability determined on regular assessment for a specific period was correctly admissible. Case-Laws Income Tax Tue, 29 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237852