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2013 (10) TMI 280 - SC - Income TaxRetrospective effect of section 234D of the Income Tax Act – Interest on excess refund - period prior to 1.6.2003 - Held that:- Having regard to the legal position which has been clarified by the Parliament by insertion of Explanation (2) in Section 234D of the Act, in the present case, retrospectivity of Section 234D does not arise – the view of the High Court in relying upon the decision of the Bombay High Court in M/s Delta Air Lines Inc. (2011 (9) TMI 21 - BOMBAY HIGH COURT) cannot be said to be erroneous - Decided against the Revenue.
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