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2018 (1) TMI 812 - HC - Income TaxWaiver of interest levied under Sections 234B and 234C - Held that:- In the case of DIT (International Taxation) & NGC Network Asia (2009 (1) TMI 174 - BOMBAY HIGH COURT) with the view taken by the Uttaranchal HighCourt in the case of CIT & Anr. vs. Sedco Forex International Drilling Co. Ltd. & Ots (2003 (10) TMI 40 - UTTARANCHAL High Court ) and held that when a duty is cast on the payer to pay the tax at source, on failure, no interest can be imposed on the payee/assessee. Thus the assessee therein was not liable for payment of interest under Section 234B of the Act. - Decided in favour of assessee
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