M/S. INDODAN INDUSTRIES LTD. vs STATE OF U.P. .

The Supreme Court examined the retrospective applicability of sub-Section (2B) of Section 9 of the Central Sales Tax Act, 1956, in relation to assessment years 1979-80, 1980-81, and 1981-82. The Court held that the provisions of Section 9, as validated by Section 120 of the Finance Act, 2000, are deemed to have always been in effect, thereby allowing for the imposition of interest on delayed payments. Consequently, the appeals were dismissed, affirming the validity of the interest levied for the specified assessment years.