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No Interest u/s 234B can be levied on the assessee-payee on the ground of non-payment of Advance Tax: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that no interest under section 234B can be levied on the assessee-payee on the ground of...
![No Obligation to pay Advance Tax if Assesses denies his Income Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Business-Advances-Taxscan.jpg "No Obligation to pay Advance Tax if Assesses denies his Income Tax Liability: ITAT [Read Order]")
Advance Tax / Self-Assessed Tax paid can’t adjust against Tax admitted in IDS Declaration: Bombay HC [Read Judgment]
A two-judge bench of the Bombay High Court has held that the advance tax or the self- assessed tax paid by the assessee cannot be set off against tax liability arising IDS declaration for lack of...
![Advance Tax / Self-Assessed Tax paid can’t adjust against Tax admitted in IDS Declaration: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Advance-Tax-Taxscan.jpg "Advance Tax / Self-Assessed Tax paid can’t adjust against Tax admitted in IDS Declaration: Bombay HC [Read Judgment]")
Interest can’t be Levied If Income is not actually subjected to TDS and No Liability to Pay Advance Tax: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Daikin Industries Ltd. v. ACIT partly allowing the appeal held that unless the payer actually deducts tax at source, the...
![Interest can’t be Levied If Income is not actually subjected to TDS and No Liability to Pay Advance Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Taxscan.jpg "Interest can’t be Levied If Income is not actually subjected to TDS and No Liability to Pay Advance Tax: ITAT [Read Order]")