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Income Tax - Highlights / Catch Notes

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Application for waiver of income tax - reference before BIFR - ...


BIFR Scheme Limits: Income Tax Department Not Required to Grant Waiver Without Impact Quantification.

July 12, 2019

Case Laws     Income Tax     HC

Application for waiver of income tax - reference before BIFR - when the Department had objected to any concession being granted and stated that without quantification, the Revenue would not be in a position to give any concession and the BIFR scheme envisaged only 'to consider' the request for tax concession then IT Department is not bound to grant the benefit of any waiver

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