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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Interest on Advanced Tax - - section 132 B(1) does not prohibit ...


Interest on Advanced Tax: Seized Amounts Can Offset Tax Liability, Interest u/ss 234B/234C Incorrect.

May 31, 2017

Case Laws     Income Tax     AT

Interest on Advanced Tax - - section 132 B(1) does not prohibit utilization of amounts seized during the course of search towards the advance tax liability - charge of Interest u/s. 234B and 234C is not correct - AT

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