Tribunal held that the amendment to the provisions brought with effect from April 1, 2012 by the proviso below section 209(1)(d) of the Act was applicable from the assessment year 2013-14. The Assessing Officer was not to charge interest under section 234B of the Act up to the assessment year 2012-13. Interest could be levied in accordance with the provisions of law from the assessment year 2013-14 onwards. (AY.2009-10 to 2016-17)
Huawei Technologies Co. Ltd. v. Add. DIT(IT) (2021) 85 ITR 170 / 187 ITD 782(Delhi)(Trib.)
S. 234B : Interest-Advance tax-Non-Resident-No advance tax payable-Interest not leviable up to assessment year 2012-13-Interest could be levied from assessment year 2013-14 onwards. [S. 209(1)(d)]