|DATE:||(Date of pronouncement)|
|DATE:||October 12, 2010 (Date of publication)|
|Click here to download the judgement (bajaj_hindustan_234D.pdf)|
As S. 234D was inserted w.e.f. 1.6.2003, it is not retrospective
In answer to the question raised by the department as whether interest u/s 234D can be charged in respect of refunds granted prior to 1.6.2003 it was held that as s. 234D came on the statute w.e.f. 1.6.2003, it did not have retrospective effect.
Note: The same view has been taken by the Delhi High Court in DIT vs. Jacabs Civil Incorporated affirming Ekta Promoters 305 ITR 1 (SB) (Del)
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