2019 (8) TMI 938 - SCH - Income Tax

Interest u/s 234B and 234C - Imposition of interest is justified under sections 234B and 234C, save and except on the income which arises from retrospective operation of any statute, decision etc. In those type of cases, the assessee is unable to know and assess his income and pay advance tax accordingly - HELD THAT - Delay condoned. Leave granted.

Summary

The Supreme Court of India, in 2019 (8) TMI 938, condoned delay and granted leave in a case tagged with C.A. No. 12632/2017. The respondent did not appear. Justices Mr. Deepak Gupta and Mr. Aniruddha Bose presided over the case. The petitioner was represented by Mr. Tushar Mehta, SG, and others.