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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

When the very basis of levy is subject matter of appeal, the CIT ...


CIT Can't Use Section 263 to Increase Interest Levy If Basis Is Under Appeal.

July 23, 2014

Case Laws     Income Tax     AT

When the very basis of levy is subject matter of appeal, the CIT could not have invoke the jurisdiction u/s 263 in opining that higher amount should have been considered for levy of interest - AT

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