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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Levy of penalty u/s 221(1) - default in payment of tax - ...


No Penalty for Late Tax Payment: Assessee Pays Within a Month, Avoids Penalty u/s 221(1.

June 22, 2016

Case Laws     Income Tax     AT

Levy of penalty u/s 221(1) - default in payment of tax - assessee has not paid taxes which are payable along with a return of income, however paid within a month even before the notice issued by the A.O. and the assessee complied the demand of tax voluntarily - No penalty - AT

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