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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Waiver of interest u/s 234B - The petitioner had failed to pay ...

Income Tax

February 17, 2020

Waiver of interest u/s 234B - The petitioner had failed to pay advance tax by wrongly claiming business loss/depreciation loss during the assessment years 1988-89 to 1990-91. Therefore it cannot be stated that the petitioner was entitled to the benefit of the above notification issued u/s 119(2)(a) of the Income Tax Act, 1961.

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