In a Relief to General Motors Overseas Corporation, the Income Tax Appellate Tribunal (ITAT) reaffirmed that no interest is leviable on the assessees under Section 234B of the Income Tax Act, even on the filing of returns, which declare ‘NIL’ income at the stage of reassessment. In the case of General Motors Overseas Corporation vs. […]
The post No Interest on Assessees u/s 234B, even on filing of Returns declaring NIL Income at the stage of Reassessment: ITAT grants Relief to General Motors [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/3cVFyeo
No comments:
Post a Comment