Monday, October 1, 2018

No penalty on late filing of TDS return if tax was deducted and deposited in time: Delhi ITAT

IT : Where on filing belated TDS returns/statements, revenue had not suffered any loss because TDS was already deposited on time, penalty need not be levied for submitting return belatedly due to reasonable cause

from www.taxmann.com Latest Case Laws https://ift.tt/2xSrCig

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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