https://www.taxtmi.com/caselaws?id=177509 The Gujarat High Court held that Section 234D of the Income Tax Act applies to all cases where excess refunds were granted, irrespective of the assessment year, as long as the assessment was completed after June 01, 2003. The Court ruled in favor of the Revenue, quashing the Tribunal's decision and allowing the Revenue's appeal. The interest charge under Section 234D for earlier assessment years with assessments completed post-June 01, 2003, was affirmed, with no costs awarded. en-us Mon, 17 Feb 2014 00:00:00 +0530 Mon, 11 Jan 2016 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177509 The Gujarat High Court held that Section 234D of the Income Tax Act applies to all cases where excess refunds were granted, irrespective of the assessment year, as long as the assessment was completed after June 01, 2003. The Court ruled in favor of the Revenue, quashing the Tribunal's decision and allowing the Revenue's appeal. The interest charge under Section 234D for earlier assessment years with assessments completed post-June 01, 2003, was affirmed, with no costs awarded. Case-Laws Income Tax Mon, 17 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177509