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2013 (10) TMI 1132 - AT - Income TaxLevy of Interest for failure to pay advance tax - Interest u/s 234B & 234C of the Income Tax Act – Held that:- Assessee was a notified entity under the provisions of Special Court Act,that no interest u/s.234A,234B &234C of the Act could be charged in her case,that her bank account were operat -ed under the directions of the Special Court,that the provisions of Special Court had overriding effect over the Act,that all the assets were under the control of the custodian,that the appellant could not have paid the advance tax unless directed by the Special Court,that the assessee did not have control over its income/assets,that she could not be penalised for non-payment of advance tax – Assessee did not have control over the her funds/assets,that she could not be held as defaulter for failure in payment of advance tax – Penalty levied is deleted.
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