https://www.taxtmi.com/caselaws?id=16755 The High Court upheld the validity of section 234A of the Income-tax Act, 1961, as a regulatory measure for timely filing of income tax returns. The court rejected the challenge to interest levy under section 264, emphasizing the compensatory nature of interest charges for delays. The petitioners' plea was dismissed, and no costs were ordered, with any security amount to be refunded to them. en-us Thu, 25 Sep 1997 00:00:00 +0530 Sat, 12 Sep 2009 11:16:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16755 The High Court upheld the validity of section 234A of the Income-tax Act, 1961, as a regulatory measure for timely filing of income tax returns. The court rejected the challenge to interest levy under section 264, emphasizing the compensatory nature of interest charges for delays. The petitioners' plea was dismissed, and no costs were ordered, with any security amount to be refunded to them. Case-Laws Income Tax Thu, 25 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16755