Time limit prescribed u/s 201 to treat payer as assessee-in-default is applicable even if payee is NR: ITAT

INCOME TAX : Even when payee is a non-resident, proviso to section 20I(3) prescribing a period of limitation of 4 years from end of relevant assessment year for passing order under section 201(1), would apply and orders passed beyond aforesaid period would have to be declared as barred by time and, hence, invalidINCOME TAX : Even when payee is a non-resident, proviso to section 20I(3) prescribing a period of limitation of 4 years from end of relevant assessment year for passing order under section 201(1), would apply and orders passed beyond aforesaid period would have to be declared as barred by time and, hence, invalidwww.taxmann.com Latest Case LawsRead More

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