Provisions of Sec. 234D are applicable from prospective effect in absence of any express wording: Madras HC

INCOME TAX : Levy of interest under section 234D is only prospective i.e. from day it came into force i.e., 1-6-2003; thus, interest under section 234B is leviable only after assessment year 2004-05 prospectivelyINCOME TAX : Levy of interest under section 234D is only prospective i.e. from day it came into force i.e., 1-6-2003; thus, interest under section 234B is leviable only after assessment year 2004-05 prospectivelywww.taxmann.com Latest Case LawsRead More

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