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Delhi HC quashed reassessment on ‘Oriental Insurance’ as reason to believe of AO was found erroneous
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Corporate Tax
Delhi HC quashed reassessment on ‘Oriental Insurance’ as reason to believe of AO was found erroneous
Posted on
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December 21, 2015
Tenet Tax Daily December 21 2015
By
tenettax-team
Corporate Tax
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No disallowance of late payment interest just because assessee kept cash balance in hand
AO can’t impose penalty under sec.271(1)(c) once penalty proceedings are initiated under sec. 271AAA
