Section 2(43) Income Tax Act: Interest and penalties not defined as 'tax'; crucial for assessee default status determination.

Assessee in default - The definition of 'tax' under Section 2(43) of the Act does not include penalty or interest - interest cannot be held to be 'additional tax'. - HC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X