Court Rules Interest Cannot Be Retrospectively Imposed Before July 13, 2006 Under Amended Substantive Law.

Interpretation of Statute - imposition of interest - The retrospective levy is not intended and the amendment in Law is a substantive provision for making a provision for levy of interest in the present case - Therefore, for a period prior to 13.07.2006, such levy of interest cannot be imposed on the Assessee. - HC .....

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