Assessee in default - The definition of 'tax' under Section ...

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

February 4, 2014

Case Laws Income Tax HC

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

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Assessee in default - The definition of 'tax' under Section ...

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

February 4, 2014

Case Laws Income Tax HC

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