In view of the provisions of section 140A r.w.s. 234B, the ...
Interest Calculation Based on Returned Income, Not Assessed Income, u/ss 140A and 234B.
May 1, 2013
Case Laws Income Tax AT
In view of the provisions of section 140A r.w.s. 234B, the interest that could have been charged/ adjusted as part of interest under section 234B will have to be calculated on the returned income but not on the basis of assessed income. - AT
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