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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

It would be unfair and unjust to charge interest on the assessee ...

Income Tax

April 7, 2018

It would be unfair and unjust to charge interest on the assessee u/s 234B of the Act, merely because, the seized cash was given credit on a later date by the ld. AO. It would be just and fair to conclude that the assessee could not be fastened with interest liability for the delayed adjustment of seized cash by the ld. AO. - AT

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