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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Application for Income Tax Settlement Commission - Short payment ...


Income Tax Settlement Commission to Review Case on Minor Computational Tax Discrepancies; No Intentional Underpayment Found.

March 11, 2020

Case Laws     Income Tax     HC

Application for Income Tax Settlement Commission - Short payment of admitted tax - this is not a case where the assessee has consciously short-paid admitted tax. There are computational differences that exist that could well be the reason for the remittances falling short of the required amounts. - the differences are quite insignificant in the context of the entirety of the payments made. - Matter restored before commission - HC

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