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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Assessee is entitled to adjustment of seized amount towards ...


Tribunal Rules Assessee Can Adjust Seized Funds for Advance Tax from Application Date, No Interest Charged.

April 27, 2017

Case Laws     Income Tax     HC

Assessee is entitled to adjustment of seized amount towards advance tax liability from the date of making the application in that regard. The Tribunal has rightly held that the assessee was entitled to adjustment of the said amount and no interest could be charged on that basis - HC

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