https://www.taxtmi.com/caselaws?id=9850 The court upheld the constitutionality of the retrospective amendment of Section 115JB by the Finance Act, 2002, finding it within legislative competence and not excessive. The petitioner was deemed liable to pay interest under Sections 234B and 234C for non-payment of advance tax on book profits as clarified by the Finance Act, 2000. The court dismissed the writ petitions, emphasizing that relief under Section 119(2)(a) for waiver or reduction of interest remained available to the petitioner. en-us Fri, 31 Mar 2006 00:00:00 +0530 Thu, 02 Jul 2009 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9850 The court upheld the constitutionality of the retrospective amendment of Section 115JB by the Finance Act, 2002, finding it within legislative competence and not excessive. The petitioner was deemed liable to pay interest under Sections 234B and 234C for non-payment of advance tax on book profits as clarified by the Finance Act, 2000. The court dismissed the writ petitions, emphasizing that relief under Section 119(2)(a) for waiver or reduction of interest remained available to the petitioner. Case-Laws Income Tax Fri, 31 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9850