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2019 (4) TMI 104 - HC - Income TaxApplicability of interest u/s 234D prior to 01.06.2003 - excess refund granted - prospective amendment - HELD THAT:- The matter has already been considered by this Court as per the verdict in Commissioner of Income Tax vs. Kerala Chemicals and Proteins Ltd. [2010 (1) TMI 263 - KERALA HIGH COURT], whereby it was held that the interest under Section 234D can be levied only with effect from 1st June, 2003, i.e. with effect from the date of introduction of the provision in the statute. - Decided in favour of the Assessee
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