https://www.taxtmi.com/caselaws?id=36250 A compensatory interest levy for delayed return filing was held unconstitutional insofar as it required a registered firm to pay interest on notional tax not actually payable by it. The classification between registered and unregistered firms was accepted for tax computation, but the provision failed Article 14 because no rational nexus was shown between that distinction and the special burden imposed, including where advance tax had already covered the liability or no actual tax default existed. The discriminatory portion was severable, and the writ relief was affirmed. en-us Fri, 27 Jun 1980 00:00:00 +0530 Thu, 12 Mar 2020 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36250 A compensatory interest levy for delayed return filing was held unconstitutional insofar as it required a registered firm to pay interest on notional tax not actually payable by it. The classification between registered and unregistered firms was accepted for tax computation, but the provision failed Article 14 because no rational nexus was shown between that distinction and the special burden imposed, including where advance tax had already covered the liability or no actual tax default existed. The discriminatory portion was severable, and the writ relief was affirmed. Case-Laws Income Tax Fri, 27 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36250