Thursday, July 25, 2019

No attachment of properties for recovery of interest if appeal against waiver of interest was pending before CIT

INCOME TAX: Attachment of properties of assessee for recovery of interest payable by assessee was unjustified if appeal under section 220(2A) filed by assessee before Commissioner for waiver of such interest was pending

from www.taxmann.com Latest Case Laws https://ift.tt/2Mc7fVm

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

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...