Monday, June 22, 2020

HC kept tax demand in abeyance till disposal of rectification seeking set off of brought forward loss

INCOME TAX: Where during pendency of rectification application filed by assessee seeking set off of brought forward loss against taxable profits computed for relevant years, department raised tax demand, matter was to be remanded back with a direction to revenue authorities to dispose of rectification application first and till then impugned tax demand would remain in abeyance

from www.taxmann.com Latest Case Laws https://ift.tt/3fN5ut8

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