https://www.taxtmi.com/caselaws?id=6107 Interest liability in settlement proceedings turned on whether levy under ss. 234B, 245D(2C) and 245D(6A) amounts to impermissible double interest and whether the Settlement Commission's regime substitutes other authorities for this purpose. SC held double levy is barred only where interest is charged more than once for the same infraction; where provisions operate in distinct fields, cumulative interest is permissible. Section 234B applies to default in advance tax; s. 245D(2C) applies to non-payment of additional tax within the time under s. 245D(2A); s. 245D(6A) applies to non-payment of tax due under s. 245D(4). Interest under ss. 234A-234C runs only up to action under s. 245D, thereafter s. 245D interest applies separately; appeal allowed to that extent. en-us Tue, 17 Dec 2002 00:00:00 +0530 Fri, 02 Jan 2026 13:23:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6107 Interest liability in settlement proceedings turned on whether levy under ss. 234B, 245D(2C) and 245D(6A) amounts to impermissible double interest and whether the Settlement Commission's regime substitutes other authorities for this purpose. SC held double levy is barred only where interest is charged more than once for the same infraction; where provisions operate in distinct fields, cumulative interest is permissible. Section 234B applies to default in advance tax; s. 245D(2C) applies to non-payment of additional tax within the time under s. 245D(2A); s. 245D(6A) applies to non-payment of tax due under s. 245D(4). Interest under ss. 234A-234C runs only up to action under s. 245D, thereafter s. 245D interest applies separately; appeal allowed to that extent. Case-Laws Income Tax Tue, 17 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6107