Tuesday, May 5, 2020

HC waives off Sec. 234A/B/C interest for subsistence of winding up order considering financial weakness of Co.

INCOME TAX : Where assessee was under a legal and financial disability for a long period due to subsistence of winding up order, no interest would be payable under sections 234A, 234B and 234C for aforesaid period

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

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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...