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2014 (10) TMI 704 - HC - Income TaxWaiver of interest – Adjustment of advance tax - Held that:- Revenue seized ₹ 21 lacs from M/s Ram Lal Kesar Dass, of which the petitioner and one Sh.Kesar Dass were partners - no credible reason has been assigned for rejecting the assessee's prayer for adjustment or for treating him differently - assessee's application has been rejected by referring to irrelevant provisions and facts that were not germane to the controversy and without considering whether benefit granted to the firm and Sh. Kesar Dass should also be granted to the assessee by adjusting the amount towards advance tax – thus, the matter is to be remitted back to the AO for fresh consideration – Decided in favour of assessee.
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