Thursday, February 21, 2019

SLP granted against ruling that payer who failed to deduct TDS was liable for interest though payee had filed nil ITR

IT : SLP granted against High Court ruling that where assessee-payer had failed to deduct tax at source under section 194C, it was liable to pay interest under section 201(1A) even if payee of such amounts had filed a nil return or a return showing a loss

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

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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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