https://www.taxtmi.com/caselaws?id=207690 The Tribunal allowed the appeals, ruling that interest under section 234D of the Income-tax Act could not be charged for assessment years up to 2002-03. It emphasized the non-retrospective nature of the provision and the eligibility of rectification under section 154 for the mistake in charging interest under a provision that was not in effect during the relevant years. The Tribunal followed the jurisdictional High Court's decision and previous case law, setting aside the lower authorities' orders and granting relief to the assessee. en-us Fri, 23 Apr 2010 00:00:00 +0530 Sat, 01 Jun 2013 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207690 The Tribunal allowed the appeals, ruling that interest under section 234D of the Income-tax Act could not be charged for assessment years up to 2002-03. It emphasized the non-retrospective nature of the provision and the eligibility of rectification under section 154 for the mistake in charging interest under a provision that was not in effect during the relevant years. The Tribunal followed the jurisdictional High Court's decision and previous case law, setting aside the lower authorities' orders and granting relief to the assessee. Case-Laws Income Tax Fri, 23 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207690