Whether interest u/s 234A, 234B, and 234C be charged on notional ...

Case Laws Income Tax

December 16, 2013

Whether interest u/s 234A, 234B, and 234C be charged on notional income - No interest can be charged when there is no real income - The interest will have to be charged in the year when income was earned - HC

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Whether interest u/s 234A, 234B, and 234C be charged on notional ...

Case Laws Income Tax

December 16, 2013

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The Income Tax Settlement Commission passed an order charging interest u/ss 234A, 234B, and 234C of the Income Tax Act. The petitioners challenged the order's...

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