Section 220(2) of Income Tax Act has no Retrospective Effect, No liability to pay Interest on Tax Crystallised: Kerala HC [Read Order]

Section - Income Tax Act - Retrospective Effect- liability - pay Interest - Tax Crystallised-Kerala HC-TAXSCAN

The Kerala High Court has held that Section 220(2) of the Income Tax Act, 1961 has no retrospective effect and no liability to pay interest on tax crystallised. Smt.Nisha John, counsel appeared for the petitioner and Sri. Christopher Abraham, Standing Counsel appeared for the Income Tax Department. Catherine Thomas, the petitioner challenged the demand notice…

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