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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Advance Tax - Interest - the assessee is entitled to adjustment ...


Court Rules Seized Amount Adjusted Against Taxpayer's Advance Tax Liability; No Interest u/ss 234A, 234B, 234C.

December 18, 2011

Case Laws     Income Tax     HC

Advance Tax - Interest - the assessee is entitled to adjustment of seized amount towards advance tax liability from the date of making the application in that regard - no interest was exigible u/s 234A, 234B or 234C .... - HC

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