https://www.taxtmi.com/caselaws?id=373435 The High Court held that interest under Section 234D of the Income Tax Act could not be charged for an assessment year prior to 2004-05 as the provision did not apply retrospectively to assessments completed before 01.6.2003. The Court emphasized that Section 234D referred to "regular assessment," and an order under Section 154 could not be considered a regular assessment. The appeal was allowed, the Tribunal's order was set aside, and the substantial questions of law were answered in favor of the assessee, with no costs awarded. en-us Thu, 13 Dec 2018 00:00:00 +0530 Sat, 19 Oct 2019 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373435 The High Court held that interest under Section 234D of the Income Tax Act could not be charged for an assessment year prior to 2004-05 as the provision did not apply retrospectively to assessments completed before 01.6.2003. The Court emphasized that Section 234D referred to "regular assessment," and an order under Section 154 could not be considered a regular assessment. The appeal was allowed, the Tribunal's order was set aside, and the substantial questions of law were answered in favor of the assessee, with no costs awarded. Case-Laws Income Tax Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373435