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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Levy of interest - Even if any provision of law is mandatory and ...


Assessing Officers Must Clearly Communicate Interest Charges to Taxpayers for Transparency and Fairness.

December 30, 2013

Case Laws     Income Tax     HC

Levy of interest - Even if any provision of law is mandatory and provides for charging of tax or interest - Such charge by the assessing officer should be specific and clear and assessee must be made to know that the assessing officer has applied its mind and has ordered charging of interest - HC

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