AO was bound to consider issue raised by assessee on cause of delay in payment of advance tax raised during reassessment

INCOME TAX : Where specific issue related to cause of delay in payment of advance tax was raised by petitioner pursuant to issue of notice under section 148, revenue was bound to consider said issue and pass reasonable order as to whether petitioner was entitled to waiver of interest charged under section 234B or notINCOME TAX : Where specific issue related to cause of delay in payment of advance tax was raised by petitioner pursuant to issue of notice under section 148, revenue was bound to consider said issue and pass reasonable order as to whether petitioner was entitled to waiver of interest charged under section 234B or notwww.taxmann.com Latest Case LawsRead More

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