2011 (9) TMI 977

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the assessee was liable to pay interest. The dispute pertains to the period prior to the amendment. Therefore, the authorities were justified in holding that there is no liability to pay interest under Section 11AB of the Act - appeal dismissed - decided against Revenue. - C.E.A. No. 86 of 2010 - - - Dated:- 15-9-2011 - N. Kumar and Ravi Malimath, JJ. Shri B. Pramod, Advocate, for the App .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the duty had become payable or ought to have been paid before the date on which the Finance Bill, 2001 received the assent of the President. In other words Section 11AB of the Act had no application prior to the coming into force of the amendment. It is only after the amendment was introduced to Section 11AB of the Act, the assessee was liable to pay interest. The dispute pertains to the period p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X