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Deductor couldn’t be treated as an assessee-in-default if deductee was not liable to pay taxes due to losses
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Corporate Tax
Deductor couldn’t be treated as an assessee-in-default if deductee was not liable to pay taxes due to losses
Posted on
on
October 28, 2014
Tenet Tax Daily October 21 2014
By
tenettax-team
Corporate Tax
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Time-limit to rectify mistake under sec. 154 could go beyond 6 months but on merits; HC considers CBDT’s circular
No penalty if assessee offers undisclosed income to tax in return filed pursuant to search of another person
