Saturday, December 26, 2020

Penalty order set aside, when interest on delayed payment already paid

GST/EXCISE/ST/VAT : Penalty under section 58 of Uttarakhand VAT Act could not be imposed on assessee for delay in deposit of tax due to COVID-19 as there was no financial loss to revenue since interest on delayed payment had been made

from www.taxmann.com Latest Case Laws https://ift.tt/3nOQhME
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

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...