Interest u/s 234C Against EY Global Delivery to be Levied on Returned Income not on Assessed Income: ITAT [Read Order]

Interest - Against EY - Global - Delivery - Levied - Returned Income - Assessed income - ITAT - TAXSCAN

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest charged under Section 234C of the Income Tax Act, 1961 against EY global Delivery Services India should be levied on the returned income and not upon the assessed income. The appeal was filed by EY Global Delivery Services India LLP, against…

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