https://www.taxtmi.com/caselaws?id=19216 The court upheld the constitutional validity of sections 234A, 234B, and 234C of the Income-tax Act, 1961, finding them compensatory rather than penal. The automatic levy of interest was deemed justified to compensate for delayed tax payments. The court rejected claims of harshness and arbitrariness, emphasizing legislative mechanisms to address hardships. Additionally, the clubbing of agricultural income with non-agricultural income for tax purposes was upheld based on precedent. Petitioners were granted the opportunity to challenge interest levies before tax authorities. en-us Fri, 24 Feb 1995 00:00:00 +0530 Tue, 11 Aug 2015 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19216 The court upheld the constitutional validity of sections 234A, 234B, and 234C of the Income-tax Act, 1961, finding them compensatory rather than penal. The automatic levy of interest was deemed justified to compensate for delayed tax payments. The court rejected claims of harshness and arbitrariness, emphasizing legislative mechanisms to address hardships. Additionally, the clubbing of agricultural income with non-agricultural income for tax purposes was upheld based on precedent. Petitioners were granted the opportunity to challenge interest levies before tax authorities. Case-Laws Income Tax Fri, 24 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19216