Thursday, December 19, 2019

No interest leviable on assessee if refund for earlier year was adjusted against outstanding demand of current year

INCOME TAX : Where amount of refund granted to assessee for earlier period was adjusted against outstanding demand for relevant year, no interest was leviable under section 234D

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

No comments:

Post a Comment

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...