The Bombay High Court has recently imposed a fine of 1.50 lakhs on the Deputy Commissioner of Income Tax to pay a cost of Rs. 1.5 Lakhs for not granting refund by raising a wrong demand. The Officer had denied the refund of tax to the petitioner on the ground that demand of Rs 62,00,000/- […]
The post Bombay High Court asks DCIT to pay Cost of Rs. 1.5 Lakhs for Illegal Denial of Refund [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws http://bit.ly/2Qi3Pi8
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