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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Refund the tax paid on admitted income - When the assessment ...

Case Laws     Income Tax

November 9, 2020

Refund the tax paid on admitted income - When the assessment order, which accepts the tax liability as proposed by the assessee, is intact, the consequential order refusing to rectify the defects in filing the returns on wrong advice cannot be sustained. As mandated by law, the assessee filed a self assessment and paid the tax on income assessable to tax along with interest for delayed payment, which is in conformity with the legal provision of Income Tax Act, 1961. - Petition dismissed - HC

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