AO can impose penalty for default in making the payment of tax, ...

AO Can Penalize for Unpaid Taxes, But Penalty Cannot Exceed Tax Arrears, Excluding Section 220(2) Interest.

July 4, 2017

Case Laws Income Tax HC

AO can impose penalty for default in making the payment of tax, but the same shall not exceed the amount of tax in arrears. Tax in arrears would not include the interest payable u/s 220(2) - HC

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AO can impose penalty for default in making the payment of tax, ...

AO Can Penalize for Unpaid Taxes, But Penalty Cannot Exceed Tax Arrears, Excluding Section 220(2) Interest.

July 4, 2017

Case Laws Income Tax HC

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