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ITAT, Mumbai: Interest on Delay in Payment of Advancements Charged Only on Returned Income - (27 Jan 2022)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest on delay in payment of advancements shall be charged only on the returned income and not on the assessed income.

Tags : INCOME TAX APPELLATE TRIBUNAL   INTEREST ON DELAY IN PAYMENT OF ADVANCEMENTS  

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