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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Interest u/s 234B and 234C - In the scheme of demerger, it was ...


Demerger Approval Post-Financial Year End Exempts Assessee from Advance Tax Interest u/ss 234B and 234C.

November 23, 2015

Case Laws     Income Tax     AT

Interest u/s 234B and 234C - In the scheme of demerger, it was not possible for the assessee to estimate the income and pay the advance tax as the scheme was approved after the close of the financial year. - No interest - AT

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