2003 (10) TMI 28

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..... (5) of section 20C of the Act (since repealed) - the provisions of sub-clause (5) of section 20C of the Act were more or less identical with section 234B of the Income-tax Act, therefore it is held that in the absence of any specific order regarding the interest levied in the impugned order is bad in law - - - - - Dated:- 27-10-2003 - Judge(s) : P. G. AGARWAL. JUDGMENT P.G. AGARWAL J.-The .....

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..... the provisions of section 20C of the Act (since repealed) are applicable in the present case as the matter relates to the period during which the said provisions were applicable. Mr. Bhatra, learned counsel for the petitioner, has submitted that the provisions of section 20C of the Act are more or less identical with the provisions of section 234B of the Income-tax Act, 1961, and the requiremen .....

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..... fused to interfere in the matter. In the circumstances and the fact that the provisions of sub-clause (5) of section 20C of the Act were more or less identical with section 234B of the Income-tax Act, we hold that in the absence of any specific order regarding the interest levied in the impugned order is bad in law and the same is hereby quashed. The civil rule stands allowed. - - TaxTMI - .....

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