2019 (4) TMI 104

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....H, SC, FOR INCOME TAX For The RESPONDENT : BY SHRI JOSEPH MARKOS (SR. ) JUDGMENT P. R. Ramachandra Menon, J. The point mooted by the Revenue in this appeal filed against the verdict passed by the Tribunal in respect of the assessment year 2001-02 is as to the applicability of Section 234D of the Income Tax Act, providing for interest on excess refund. 2. The crux of the factual matr....

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.... that the provision could be held only as prospective. It was accordingly, that relief was granted to the Assessee, which made the Revenue to feel aggrieved, who is now before this Court by way of this appeal. 4. Heard the Mr. Christopher Abraham, the learned Standing Counsel for the Department as well as Mr. Joseph Markos, the learned Sr. Counsel for the Assessee. 5. It is brought to the no....