Interest Liability u/s 234B - settlement of case u/s 245D(4) - ...

High Court to Decide on Interest Levy u/s 234B for Settled Cases with Prepaid Taxes Considered.

February 8, 2023

Case Laws Income Tax HC

Interest Liability u/s 234B - settlement of case u/s 245D(4) - Levy of interest on tax on additional income offered without providing the set off of the prepaid taxes already paid. - The plea on the part of the petitioner is that it has required to pay the interest at a specific rate on the additional amount of Income Tax offered before the Settlement Commission was not executed. - it cannot be expected to pay interest on the taxes already paid. - HC

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Interest Liability u/s 234B - settlement of case u/s 245D(4) - ...

High Court to Decide on Interest Levy u/s 234B for Settled Cases with Prepaid Taxes Considered.

February 8, 2023

Case Laws Income Tax HC

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