Supreme Court: Permanent Alimony Should not Penalize the Husband  ||  SC Reserves Judgement on Plea by Transwoman Whose Appointment was Cancelled on Gender Identity  ||  Lok Sabha Introduces the Merchant Shipping Bill, 2024  ||  NCLAT: If Liquidation Cost Not Paid as Per Regulations, Security Interest Shall Stand Relinquished  ||  SC Refers to Larger Bench Conflicting Interpretation Surrounding Sections 14(1) & 14(2) of HSA  ||  Supreme Court: There Has Been a Growing Tendency to Misuse Section 498A of IPC by Wife  ||  Inordinate Delay in Execution of Death Sentence has a Dehumanising Effect on Accused  ||  PC Granted to Woman Army Officer Who Was Denied Benefits Given to Similarly Situated Others  ||  If Bodily Injury Caused with Lethal Weapon, Lack of Intention to Cause Murder Irrelevant  ||  Must AddSection 304(II) of IPC In Accidents Involving Drunk Drivers    

ITAT, Delhi: Interest Can’t be Levied on Additional Income Declared under Modified Return - (20 Apr 2022)

DIRECT TAXATION

Income Tax Appellate Tribunal, Delhi has ruled that the interest under sections 234B and 234C of the Income Tax Act, 1961 for non/short payment of advance tax installment and delay in payment of income tax respectively can’t be levied on additional income agreed as per advance pricing agreement.

Tags : INCOME TAX APPELLATE TRIBUNAL   INCOME TAX ACT   1961   ADVANCE TAX INSTALLMENT   ADVANCE PRICING AGREEMENT  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved