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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Correct year of assessment - Interest income was taxed in the ...


Interest Income Double Taxation Error: Assessee Not Penalized for Not Filing Revised Return for Earlier Assessment Year.

July 31, 2020

Case Laws     Income Tax     AT

Correct year of assessment - Interest income was taxed in the earlier assessment year - Assessee cannot be penalized only for the reason that he has not filed revised return of income for correcting the apparent mistake of double taxation of the income. - AT

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