liability although created retrospectively
could not the punishment of payment of interest with retrospective effect."
20. The Supreme Court held that the liability ... although credited retrospectively could not entail
punishment of payment of interest with retrospective effect. It is this
principle which has been laid down which
from
01.07.2017 by Rule 61(5) does not make levy of interest retrospective. The
substitution of return in GSTR-3B in place of GSTR ... interest liability on that portion of the tax
which is paid by debiting the Electronic Cash Ledger. The interest liability has
not been given retrospective
West Bengal Act No. 25 of 1957) (with retrospective effect).] fisheries, tolls and other sairati interests; (aa) [ all lands in any estate comprised ... West Bengal Act No. 35 of 1955) (with retrospective effect) for the words together with interest thereon remaining due to.] any intermediary on the date
bound to impose
liability for payment of penal interest. But by reason of
the retrospective operation given to the proviso added in
1953, the Officer ... with the proviso and
as the proviso is retrospective the rule must also be deemed
retrospective. It is a well accepted principle of
construction
interest under Section 234B and Rs. 27,25,364/- under Section 234C and petitioner is aggrieved by the action in levying interest with retrospective effect ... interest and when the petitioner was not liable to pay such interest on the due dates for the payment of advance tax, the retrospective amendment
although
created retrospectively, could not entail the punishment of
payment of interest with retrospective effect."
The Supreme Court held that the liability ... although credited
retrospectively could not entail the punishment of payment of
interest with retrospective effect. It is this principle which has
been laid down which
been done solely in the public interest.
5.5 As regards the representation made by the petitioner against retrospective effect being given to the notification ... further retrospective effect to Notes 6 and 7 added in para 3.7.2.1 to the exports made between 1.4.2003 and 31.3.2004. Such a retrospective effect cannot
Settlement,HLL contested the claim of the Union to retrospective extension ofbenefits and for interest.
7. In its reply dated 18th July 2003, the Union ... shift allowance; (vi) grant oftwo additional paid holidays; (v) pension; (vi) retrospective effectand interest; and (vii) filling up of vacancies. The Unions have inthe
would be liable to pay the interest @ 9% simple interest per annum which amounts to imposition of penal interest which is not permissible under ... within the said period, amounts to imposition of enhanced rate of interest from retrospective date which amounts to imposition of penalty which is not statutorily
although created retrospectively, could not entail the punishment of
payment of interest with retrospective effect.
18. As far as the liability of interest payable ... although created retrospectively could not entail the punishment
of payment of interest with retrospective effect."
20. The observations of the Hon'ble Supreme
