INCOME TAX : Assessment was reopened in case of assessee on ground that excessive foreign tax credit could not be allowed to assessee - Further, a reassessment order was passed withdrawing inadmissible foreign tax credit - Assessee moved an instant separate petition under rule 27 before Tribunal seeking that entire reassessment proceedings to be quashed - Whether correct legal position was that foreign tax credit, in respect of taxes paid abroad,
from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317299/respondent-lic-not-eligible-to-claim-any-relief-if-withdrawal-of-ftc-wasn’t-challenged-before-cita-itat.aspx
No comments:
Post a Comment