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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Levy of Interest u/s 234B, 234C - As the Assessment Order does ...


Supreme Court: No Interest u/ss 234B and 234C if Seized Amount Not Considered in Assessment Order.

September 6, 2012

Case Laws     Income Tax     SC

Levy of Interest u/s 234B, 234C - As the Assessment Order does not give effect to the amount seized and there is no Demand Notice claiming interest on advance tax, interest cannot be levied - SC

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