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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Levy interest u/s 234B - addition made in Book Profit under MAT ...


No Interest u/s 234B for Advance Tax Shortfall Due to Retrospective MAT Law Amendment.

February 13, 2020

Case Laws     Income Tax     AT

Levy interest u/s 234B - addition made in Book Profit under MAT - No interest can be levied u/s 234B of the Act, for shortfall in payment of advance tax on the basis of retrospective amendment to law.

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