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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Interest for defaults in payment of advance tax u/s 234B - even ...


Interest on Advance Tax Defaults: Section 234B Applies Even Without Specific Direction in Assessment Order.

February 22, 2016

Case Laws     Income Tax     HC

Interest for defaults in payment of advance tax u/s 234B - even in absence of any direction by the A.O. while passing assessment order under section 143(3) of the Income Tax Act, which according to under section only for determining assessed tax, there can be demand of levy and demand of interest u/s 156 of the Income Tax Act - HC

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