1 itxa4278-09 agk IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.4278 OF 2009 The Commissioner of Income Tax - II, Pune ..Appellant. Versus Patni Computer Systems Limited ..Respondent. Mr.Vimal Gupta for the appellant. Mr.S.N. Inamdar for the respondent. CORAM : J.P. Devadhar & Mrs.Mridula Bhatkar, JJ. DATE : 11th January, 2011. P.C. : 1. The question raised in this appeal is, whether the Tribunal was justified in holding that in computing the assessee's interest liability under Section 234B of the Income Tax Act, 1961, the tax credit in respect of the taxes paid abroad has to be taken into consideration. Admittedly, the law has been amended to that effect by substituting Explanation (1) to Section 234B by Finance Act, 2006. Since the law has been amended with a view to remove the hardship caused to the assessees, the Tribunal held that the amendment to be clarificatory and would apply retrospectively. 2. In this view of the matter, the findings recorded by the Tribunal cannot be faulted. The appeal is accordingly dismissed. No costs. (Mrs.Mridula Bhatkar, J.) (J.P. Devadhar, J.)