https://www.taxtmi.com/caselaws?id=282746 The High Court of Calcutta refused to admit the appeal based on questions of law as the issues raised were deemed to be purely factual without raising any substantial legal matters. In relation to the imposition of interest under sections 234B and 234C of the Income Tax Act, 1961, the Court held that interest is justified under these sections unless the income arises from a retrospective operation, exempting the assessee from interest payment in such cases. Consequently, the appeal and stay application were disposed of accordingly, with the Court directing the provision of a certified copy of the order to the parties. en-us Thu, 15 Nov 2018 00:00:00 +0530 Wed, 21 Aug 2019 20:14:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282746 The High Court of Calcutta refused to admit the appeal based on questions of law as the issues raised were deemed to be purely factual without raising any substantial legal matters. In relation to the imposition of interest under sections 234B and 234C of the Income Tax Act, 1961, the Court held that interest is justified under these sections unless the income arises from a retrospective operation, exempting the assessee from interest payment in such cases. Consequently, the appeal and stay application were disposed of accordingly, with the Court directing the provision of a certified copy of the order to the parties. Case-Laws Income Tax Thu, 15 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282746