Tuesday, August 20, 2019

Secs. 234B & 234C interest could be levied on income which arose from retrospective amendment to Act; SLP granted

INCOME TAX: Where High Court held that imposition of interest was justified under sections 234B and 234C, save and except on income which arose from retrospective operation of any statute, decision, etc., because in those type of cases, assessee was unable to know and assess his income and pay advance tax; SLP filed against said order of High Court was to be granted

from www.taxmann.com Latest Case Laws https://ift.tt/2KUa6QE

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