https://www.taxtmi.com/caselaws?id=237825 The Supreme Court dismissed the Special Leave Petition, affirming that the insertion of Explanation (2) in Section 234D clarified the application of the section to assessment years completed after 01.06.2003. This clarification resolved the issue of retrospectivity in the case concerning the assessment year 1998-99, where the assessment was finalized before the specified date. The Court upheld the High Court's decision based on this clarification, leading to the dismissal of the appeal. en-us Mon, 30 Sep 2013 00:00:00 +0530 Sat, 07 Dec 2013 14:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237825 The Supreme Court dismissed the Special Leave Petition, affirming that the insertion of Explanation (2) in Section 234D clarified the application of the section to assessment years completed after 01.06.2003. This clarification resolved the issue of retrospectivity in the case concerning the assessment year 1998-99, where the assessment was finalized before the specified date. The Court upheld the High Court's decision based on this clarification, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 30 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237825