https://www.taxtmi.com/caselaws?id=180130 The Tribunal allowed the appeal against the order confirming interest charged under section 234B for tax payable due to a retrospective amendment. It held that the law applicable at the time of advance tax payment should determine the default, not retrospective amendments, citing a decision of the Hon'ble Calcutta High Court. The Tribunal emphasized that amended provisions cannot penalize an assessee for non-payment of advance tax due to retrospective changes in the law, ultimately ruling in favor of the assessee. en-us Thu, 29 Nov 2012 00:00:00 +0530 Thu, 17 Mar 2016 14:19:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180130 The Tribunal allowed the appeal against the order confirming interest charged under section 234B for tax payable due to a retrospective amendment. It held that the law applicable at the time of advance tax payment should determine the default, not retrospective amendments, citing a decision of the Hon'ble Calcutta High Court. The Tribunal emphasized that amended provisions cannot penalize an assessee for non-payment of advance tax due to retrospective changes in the law, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 29 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180130