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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Waiver of interest u/s 215 - if the AO is not diligent enough ...


Taxpayers not liable for interest beyond one year if AO's lack of diligence delays assessment u/s 215.

August 26, 2013

Case Laws     Income Tax     HC

Waiver of interest u/s 215 - if the AO is not diligent enough and does not complete the assessment within the said period of one year, any interest liability for the period beyond that one year cannot be foisted on the assessee unless the delay in not completing the assessment within the period of one year is clearly attributable to the assessee - HC

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