Tuesday, July 14, 2020

Refund can’t be retained on likelihood of demand; refund of Rs. 833 crore to be granted to ‘Vodafone-Idea’

I. INCOME TAX: Admitted refund amount cannot be retained on ground that department may have a future demand against assessee arising out of pending assessment orders

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000195019/refund-can’t-be-retained-on-likelihood-of-demand-refund-of-rs-833-crore-to-be-granted-to-‘vodafone-idea’.aspx

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...