Persons Other than Searched Person liable to Pay Interest on Late filing of ITR u/s 158BC Even Without Notice: Supreme Court [Read Judgment]

Interest on Late filing of ITR - Late filing of ITR - Interest - Notice - Supreme Court - taxscan

In a significant ruling, a two-judge bench of the Supreme Court has held that the persons other than the searched persons shall be liable to pay interest for late filing of income tax return under section 158BC of the Income Tax Act, 1961. Justice M R Shah and Justice C T Ravi Kumar was considering…

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