Wednesday, August 18, 2021

SLP granted against ruling that sec. 234B interest can’t be charged if entire tax of NR was to be deducted at source

INCOME TAX : SLP granted against High Court's ruling that where assessee was non-resident company, entire tax was to be deducted at source on payments made by payer to it and there was no question of payment of advance tax by assessee; therefore, revenue could not charge any interest under section 234B from assessee

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316208/slp-granted-against-ruling-that-sec-234b-interest-can’t-be-charged-if-entire-tax-of-nr-was-to-be-deducted-at-source.aspx

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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