2013 (10) TMI 280

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..... 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. - Appeal (Civil) No(s). 14013/2013 - - - Dated:- 30-9-2013 - R. M. Lodha And Shiva Kirti Singh,JJ. Fo .....

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..... . Learned counsel for the assessee places reliance on Explanation (2) inserted in Section 234D of the Act by the Finance Act, 2012 with effect from 01.06.2003. Explanation (2) which has been inserted in Section 234D of the Act reads as under :- "Explanation 2. - For the removal of doubts, it is hereby declared that the provisions of this section shall also apply to an assessment year commenc .....

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