Description: Section 234D applies from A.Y.2004-05 and is not retrospective.
DIT vs. Jacabs Civil Incorporated. (Delhi High Court).
Source: 1. www.itatonline.org.
2. AIFTP TIMES. Volume No.11 Nov.2010.Page No.12.
Our Comment: Interest on Refund U/s 234d is not retrospective and not applicable for the Asst. Years earlier to Asst. Year: 2004-05
