INDODAN INDUSTRIES LTD Vs. STATE OF U P

JUDGEMENT

(1.) In this batch of Civil Appeals, the following issues arose for determination before the Allahabad High Court:

(2.) For the sake of convenience, we may refer to a few facts in the lead matter in the case of Shivalik Cellulose Limited v. State of Uttar Pradesh and Ors. Civil Appeal No. 2354 of 2007.

(3.) Prior to 12th May, 2000, there was no provision for levy of interest for delayed payment under Section 9 of the Central Sales Tax Act, 1956 (hereinafter referred to as 1956 Act). On 12th May, 2000, Finance Act 2000 came into force. Vide Section 119 of the Finance Act, 2000, Sub-section (2B) came to be inserted in Section 9 of the 1956 Act. We quote hereinbelow Sub-section (2B) which stood inserted in Section 9: