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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Interest u/s 234B and 234C - additional income was surrendered ...


No Interest Liability for Additional Income Surrendered During Survey; No Advance Tax Due u/ss 208/210.

March 23, 2017

Case Laws     Income Tax     AT

Interest u/s 234B and 234C - additional income was surrendered during survey to buy peace and avoid further adverse consequences - since the assessee was not liable to pay advance tax u/s 208 or 210, no interest liability - AT

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