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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

As the department has more amount in its control than the amount ...


Taxpayer Not Liable for Interest as Department Holds Excess Over Advance Tax Payable.

March 28, 2013

Case Laws     Income Tax     HC

As the department has more amount in its control than the amount of advance tax payable by the assessee. Therefore, it cannot be said that assessee is liable to pay interest on the amount of advance tax. - HC

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