Interest u/s. 234B/C not payable on deficit in advance tax because of retrospective amendment

IN THE ITAT DELHI BENCH ‘C’ Deputy Commissioner of Income-tax, Circle 11(1), New Delhi v. Indo Rama Textiles Ltd. IT Appeal Nos. 678 & 679 (Delhi) of 2012 [Assessment years 2005-06 & 2006-07] June 22, 2012 ORDER Shamim Yahya, Accountant Member  These appeals by the Revenue are directed against the respective order of the Ld. Commissioner of Income Tax (Appeals) for assessment years 2005-06 & 2006-07. 2. The grounds raised in ITA No. 678/Del/2012 read as under:- “1.  On the facts and circumstances of the case and in law, the Ld. CIT(A) has erred ...