Waiver of Interest for defaults in payment of advance tax u/s ...

Interest Waiver Denied for Advance Tax Default u/s 234B Due to Unspent Amounts and Disallowed Expense Deductions.

March 23, 2013

Case Laws Income Tax HC

Waiver of Interest for defaults in payment of advance tax u/s 234B rejected - since the entire amount was not spent the question of any allowable expenses being deducted in computing the income from the profits and gains of the appellant does not arise. - Interest not waived - HC

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Waiver of Interest for defaults in payment of advance tax u/s ...

Interest Waiver Denied for Advance Tax Default u/s 234B Due to Unspent Amounts and Disallowed Expense Deductions.

March 23, 2013

Case Laws Income Tax HC

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